Promoting Access to Credit for Homebuyers Act of 2020

referredUnited States· United States Congress· EN

Introduced

22 July 2020

Last action

22 July 2020 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Promoting Access to Credit for Homebuyers Act of 2020 This bill requires Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development to purchase or insure single-family mortgages originated on or after February 1, 2020, on the same terms as they otherwise would despite a borrower entering into, or inquiring about, forbearance due to a COVID-19 (i.e., coronavirus disease 2019) related hardship. This requirement begins 5 days after enactment of this bill and ends 60 days after the end of the period of time a borrower may request a COVID-19 related forbearance. The Federal Housing Finance Agency may not increase fees or otherwise restrict access to credit during the COVID-19 emergency without congressional notice. The Government Accountability Office must report on COVID-19-related assistance to consumers by Freddie Mac, Fannie Mae, and the Federal Housing Administration mortgage insurance programs.

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

Timeline

22 July 2020
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
22 July 2020
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 22 July 2020 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 22 July 2020
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Introduced in Senate (PDF)
Introduced in Senate · EN · 22 July 2020
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Introduced in Senate
summary · EN · 22 July 2020
Open at official source
Leesvertaling
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Related records

related to → Promoting Access to Credit for Homebuyers Act of 2020

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4260
Open data entity: https://api.congress.gov/v3/bill/116/s/4260
us · 116-s-4260 · source updated 14 January 2025