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- H.R.3778
H.R.3778: HOMES Act
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced Oct. 9, 2007
- Latest Major Action Nov. 2, 2007
Bill Sponsor
Bill Summary
Home Owners Mortgage and Equity Savings Act, or the HOMES Act - Amends federal bankruptcy law governing mortgage loans to authorize modification of a (mortgage) claim secured by an interest in real property initiated before September 26, 2007, that is the debtor's principal residence. Allows the principal amount of such a mortgage loan to be lowered to the fair market value, if less than such amount, of the real property securing the loan at...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on the Judiciary.
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Referred to the Subcommittee on Commercial and Administrative Law.
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| Oct. 9, 2007 |
Introduced in the House by Steven J. Chabot (R-Ohio) |