3.0.0 7328 2018-11-21T20:29:39Z 2018-11-21T20:29:39Z House H HR 2008-12-10 110 hsju00 Judiciary Committee House Standing Referred to 2008-12-10T15:01:25Z 2008-12-10 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2008-12-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-12-10 Introduced in House IntroReferral 1000 9 Library of Congress C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 N D000210 Rep. Delahunt, William D. [D-MA-10] William Delahunt D MA D. 10 2008-12-10 True N000002 Rep. Nadler, Jerrold [D-NY-8] JERROLD NADLER D NY 8 2008-12-10 True Finance and Financial Sector Bankruptcy Housing finance and home ownership Interest, dividends, interest rates Judicial procedure and administration User charges and fees Finance and Financial Sector 00 2008-12-10 Introduced in House 2009-01-09T22:14:34Z Homeowners' Protection Act of 2008 - Amends the federal bankruptcy code to eliminate the pre-petition credit counseling requirement for a debtor under chapter 13 (Adjustment of Debts of an Individual with Regular Income) who is facing foreclosure, if the debtor submits to the court a certification that the debtor has received notice that the holder of a claim secured by the debtor's principal residence may commence foreclosure.

Allows modification of the rights of claim holders, in the event of a foreclosure notice for a chapter 13 debtor, among other means by: (1) reducing a claim to equal the value of the debtor's interest in the residence securing such claim, and any adjustments to a related adjustable rate of interest; (2) waiving early repayment or prepayment penalties; and (3) extending the repayment period.

Denies debtor liability for certain fees and charges incurred while the bankruptcy case is pending and arising from a debt secured by the debtor's principal residence, unless the claim holder observes specified requirements.

Adds to conditions for court confirmation of a plan in bankruptcy that: (1) the holder of a claim secured by the debtor's principal residence retain the lien securing the claim until the later of the payment of such claim as reduced and modified or the discharge of a debtor from all debts; and (2) the plan modifies the claim in good faith.

Excludes from final discharge of a debtor from all debts: (1) any payments to claim holders whose rights are modified under this Act; and (2) any unpaid portion of a claim as reduced.

]]> Homeowners' Protection Act of 2008 Short Titles as Introduced Homeowners' Protection Act of 2008 Display Title Homeowners' Protection Act of 2008 Official Title as Introduced To amend title 11 of the United States Code with respect to modification of certain mortgages on principal residences, and for other purposes. Introduced in House 2008-12-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr7328ih/xml/BILLS-110hr7328ih.xml 2008-12-10 Referred to the House Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.