Emergency Mortgage Foreclosure Avoidance Act of 1985

Summary

Emergency Mortgage Foreclosure Avoidance Act of 1985 - Amends the National Housing Act to require (current law authorizes) the Secretary of Housing and Urban Development to provide temporary mortgage assistance payments to eligible mortgagor-homeowners. Requires notice and a waiting period before a mortgagee may accelerate, foreclose, or take any legal action on a mortgage. Requires (current law authorizes) the Secretary to acquire a mortgage in order to avoid foreclosure, and to assist the mortgagor after such acquisition.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 September 1985

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

2. 24 September 1985

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

3. 24 September 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 September 1985

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 24 September 1985

  Open at official source

Sponsors

• Rep. Savage, Gus [D-IL-2] · D · Sponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.