3.0.0 200 2022-02-03T06:07:15Z 2022-02-08T17:27:15Z House H HR 2009-01-06 111 hsju00 Judiciary Committee House Standing Reported by 2009-02-24T21:02:53Z Markup by 2009-01-27T16:27:32Z Hearings by 2009-01-22T16:11:26Z Referred to 2009-01-06T17:25:48Z H. Rept. 111-19 Emergency Homeownership and Equity Protection Act 111 225 HR 2009-01-22 Committee Hearings Held. Related bill CRS Helping Families Save Their Homes in Bankruptcy Act of 2009 111 61 S 2009-01-06 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S66) Identical bill CRS 2009-02-24 Placed on the Union Calendar, Calendar No. 7. Calendars H12410 2 House floor actions U00007 2009-02-24 Reported (Amended) by the Committee on Judiciary. H. Rept. 111-19. Committee H12200 2 House floor actions hsju00 Judiciary Committee 2009-02-24 Reported (Amended) by the Committee on Judiciary. H. Rept. 111-19. Committee 5000 9 Library of Congress hsju00 Judiciary Committee 2009-01-27 hsju00 Judiciary Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 15. Committee 2009-01-27 hsju00 Judiciary Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2009-01-22 hsju00 Judiciary Committee 1 House committee actions Committee Hearings Held. Committee 2009-01-06 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2009-01-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-01-06 Introduced in House IntroReferral 1000 9 Library of Congress C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 N S001156 Rep. Sánchez, Linda T. [D-CA-39] Linda Sánchez D CA T. 39 2009-01-06 True N000002 Rep. Nadler, Jerrold [D-NY-8] JERROLD NADLER D NY 8 2009-01-06 True D000210 Rep. Delahunt, Bill [D-MA-10] Bill Delahunt D MA 10 2009-01-06 True S000185 Rep. Scott, Robert C. "Bobby" [D-VA-3] Robert Scott D VA C. "Bobby" 3 2009-01-06 True W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 2009-01-06 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2009-01-08 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2009-01-08 False E000290 Rep. Edwards, Donna F. [D-MD-4] Donna Edwards D MD F. 4 2009-01-08 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2009-01-14 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2009-01-14 False W000207 Rep. Watt, Melvin L. [D-NC-12] MELVIN WATT D NC 12 2009-01-26 False K000113 Rep. Kennedy, Patrick J. [D-RI-1] PATRICK KENNEDY D RI J. 1 2009-01-26 False J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2009-01-26 False W000793 Rep. Wu, David [D-OR-1] DAVID WU D OR 1 2009-01-26 False B000410 Rep. Berman, Howard L. [D-CA-28] HOWARD BERMAN D CA L. 28 2009-01-26 False K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2009-01-27 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2009-02-04 False 2009-02-23T06:00:00Z H.R. 200, Helping Families Save Their Homes in Bankruptcy Act of 2009 http://www.cbo.gov/publication/20494 <p>Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on January 27, 2009</p> 2009-02-23T06:00:00Z H.R. 200, Helping Families Save Their Homes in Bankruptcy Act of 2009 https://www.cbo.gov/publication/20494 Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on January 27, 2009 Finance and Financial Sector Bankruptcy Consumer credit Housing finance and home ownership Finance and Financial Sector 00 2009-01-06 Introduced in House 2009-01-23T22:06:29Z Helping Families Save their Homes in Bankruptcy Act of 2009 - Amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income). Excludes from computation of debts the secured or unsecured portions of: (1) debts secured by the debtor's principal residence if the current value of that residence is less than the secured debt limit; or (2) debts secured or formerly secured by debtor's principal residence that was either sold in foreclosure or surrendered to the creditor if the current value of such real property is less than the secured debt limit.

Declares the credit counseling requirement inapplicable to a Chapter 13 debtor who certifies that he or she has received notice that the holder of a claim secured by the debtor's principal residence may commence a foreclosure on the debtor's principal residence.

Requires the court to disallow a claim that is subject to any remedy for damages or rescission due to violations of state or federal consumer protection law, including the Truth in Lending Act, notwithstanding the prior entry of a foreclosure judgment.

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.

]]> 17 2009-02-24 Reported to House with amendment(s) 2009-03-16T19:38:14Z Helping Families Save their Homes in Bankruptcy Act of 2009 - (Sec. 1) Amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income). Excludes from computation of debts the secured or unsecured portions of: (1) debts secured by the debtor's principal residence if the current value of that residence is less than the secured debt limit; or (2) debts secured or formerly secured by a debtor's principal residence that was either sold in foreclosure or surrendered to the creditor if the current value of such real property is less than the secured debt limit.

(Sec. 2) Declares the credit counseling requirement inapplicable to a Chapter 13 debtor who certifies that he or she has received notice that the holder of a claim secured by the debtor's principal residence may commence a foreclosure on the debtor's principal residence.

(Sec. 3) Requires the court to disallow a claim for a loan secured by a security interest in the debtor's principal residence that is subject to remedy for damages or rescission due to violations of the Truth in Lending Act, notwithstanding prior entry of a foreclosure judgment. Prohibits construction of such disallowance to modify, impair, or supersede any other right of the debtor.

(Sec. 4) Allows modification of claim holders' rights in connection with a foreclosure notice for a chapter 13 debtor whose loan originated before the effective date of this Act. Allows changing an adjustable rate of interest to a fixed rate, and extending the repayment period.

Prescribes conditions for reducing a claim under this Act if the debtor receives net proceeds from the sale of the principal residence before receiving a discharge in bankruptcy.

Establishes requirements for modification of other kinds of claims for a loan secured by a security interest in the debtor's principal residence.

(Sec. 5) 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.

(Sec. 6) Adds to conditions for court confirmation of a plan in bankruptcy that: (1) the holder of a claim for a loan 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 and the court finds that the debtor did not obtain the modified claim by the debtor's material misrepresentation, false pretenses, or actual fraud.

(Sec. 7) 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.

(Sec. 8) Prohibits the construction of this Act to modify any obligation of the Federal Housing Administration (FHA), the Veterans Administration (VA), or the Department of Agriculture under a contract that guarantees or insures payment of a loan secured by a security interest in a principal residence.

]]> Helping Families Save Their Homes in Bankruptcy Act of 2009 Short Titles as Introduced Helping Families Save Their Homes in Bankruptcy Act of 2009 Short Titles as Reported to House Helping Families Save Their Homes in Bankruptcy Act of 2009 H House Display Title Helping Families Save Their Homes in Bankruptcy Act of 2009 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. Reported in House 2009-02-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr200rh/xml/BILLS-111hr200rh.xml Introduced in House 2009-01-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr200ih/xml/BILLS-111hr200ih.xml 2009-02-24 Placed on the Union Calendar, Calendar No. 7. 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.