H.R.527: Home Retention and Economic Stabilization Act of 2009

About This Bill

Bill Summary

Home Retention and Economic Stabilization Act of 2009 - Amends the Truth in Lending Act to establish the right of an eligible deferred-foreclosure consumer, defendable in court, to defer initiation of a foreclosure or related action, including a foreclosure sale, brought by any creditor, servicer, or holder of an eligible deferred-foreclosure mortgage, during a specified deferment period. Declares invalid any foreclosure action or proceeding...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Jan. 14, 2009

Introduced in the House by Doris Matsui (D-Calif.)

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