,i #aac? ,,congress #a/ ,session ,h4 ,r4 #eed ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #f1 #bjac ,mr4 ,jeffries introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to provide relief to home[n]s affect$ by ,sup]/orm ,s&y :o h mortgages insur$ by ! ,,fha1 or own$ or gu>ante$ by ,fannie ,mae or ,fr$die ,mac1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,sup]/orm ,s&y ,mortgage ,relief ,act ( #bjac4 #b4 ,requirem5t to (f] =be>ance to affect$ home[n]s 7a7 ,requirem5t ,! ,secret>y ( ,h\s+ & ,urban ,developm5t & ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy %all ea* c>ry out a program "u ?is section to notify mortgagors "u cov]$ mortgages ( ! availability ( =be>ance "u ! program & to (f] & provide su* relief ^u a reque/ by an eligible home[n]4 7b7 ,cov]$ mortgage ,= purposes ( ?is section1 ! t]m cov]$ mortgage means a mortgage-- 7#a7 t is secur$ by a "o- to f\r-family dwell+ t-- 7,a7 is ! pr9cipal resid5ce ( ! mortgagor2 & 7,b7 is locat$ )9 an area = :i* a major disa/] 0 decl>$ pursuant to section #dja ( ! ,rob]t ,t4 ,/af=d ,disa/] ,relief & ,em]g5cy ,assi/ance ,act 7#db ,u4,s4,c4 #eagj7 z a result ( ,hurricane ,s&y2 & 7#b7 t is-- 7,a7 insur$ "u title ,,ii ( ! ,national ,h\s+ ,act 7#ab ,u4,s4,c4 #agjg et seq472 or 7,b7 own$ or gu>ante$ by ! ,f$]al ,national ,mortgage ,association or ! ,f$]al ,home ,loan ,mortgage ,corporation4 7c7 ,eligible home[n] ,= purposes ( ?is section1 ! t]m eligible home[n] means a mortgagor "u a cov]$ mortgage ^:-- 7#a7 h\sehold exp]i5c$ a disruption 9 income z a result ( ,hurricane ,s&y1 z det]m9$ 9 accordance ) guidel9es issu$ pursuant to subsection 7k72 or 7#b7 resid5ce t secures ! mortgage 0 damag$ z a result ( ,hurricane ,s&y1 z det]m9$ 9 accordance ) guidel9es issu$ pursuant to subsection 7k74 7d7 ,notification ,"u ! program "u ?is section1 ! applicable ag5cy heads %all require ea* mortgagee ( a cov]$ mortgage to notify ! mortgagor "u ! mortgage 9 writ+1 n lat] ?an ! expiration ( ! #fj-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act & 9 su* =m z ! applicable ag5cy heads %all require pursuant to guidel9es issu$ "u subsection 7k7-- 7#a7 t ! mortgage is a cov]$ mortgage t may be eligible = =be>ance relief "u ! program "u ?is section2 7#b7 ( ! requirem5ts = eligible home[n]s to qualify = su* relief2 7#c7 ( ! t]ms ( su* relief2 & 7#d7 h[ to reque/ su* relief4 7e7 ,reque/ = relief ,! applicable ag5cy heads %all1 by guidel9es issu$ "u subsection 7k71 provide = mortgagors "u cov]$ mortgages to submit reque/s1 dur+ ! #f-mon? p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 to ! mortgagees ( su* mortgages = =be>ance relief "u ! program "u ?is section4 7f7 ,det]m9ation ,^u receipt ( a reque/ made by a mortgagor "u a cov]$ mortgage = =be>ance relief "u ! program "u ?is section t is submitt$ dur+ ! p]iod ref]r$ to 9 subsection 7e71 ! mortgagee %all promptly det]m9e :e!r ! mortgagor is an eligible home[n] & imm$iately notify ! mortgagor 9 writ+ ( su* det]m9ation4 7g7 ,requirem5t ,to (f] =be>ance ,if1 pursuant to a reque/ = relief submitt$ pursuant to subsection 7e7 ) respect to a cov]$ mortgage1 ! mortgagee = ! mortgage det]m9es t ! mortgagor "u ! mortgage is an eligible home[n]1 ! mortgagee %all1 toge!r ) ! notification requir$ "u subsection 7f7 submit to ! eligible home[n] a writt5 (f] = =be>ance t meets ! requirem5ts ( subsection 7h74 7h7 ,t]ms ( =be>ance 7#a7 ,9 g5]al ,an (f] = =be>ance ) respect to a cov]$ mortgage meets ! t]ms ( ?is subsection only if-- 7,a7 ! =be>ance provides = ! susp5sion ( paym5ts due "u ! mortgage = a p]iod hav+ a duration t is n %ort] ?an #d mon?s nor long] ?an #ab mon?s2 & 7,b7 ! (f] provides = =be>ance & t]ms1 requirem5ts1 & proc$ures = su* =be>ance t o!rwise comply ) guidel9es issu$ by ! ,secret>y & ! ,director pursuant to p>agraph 7#b7 ( ?is subsection4 7#b7 ,e/abli%m5t ( t]ms ,! applicable ag5cy heads %all1 by guidel9es issu$ pursuant to subsection 7k71 provide = ! t]ms1 requirem5ts1 & proc$ures = =be>ance (f]$ "u ! program "u ?is section4 ,su* guidel9es %all provide t-- 7,a7 su* =be>ance %all be 9 mann] provid$ "u1 & subject to ! t]ms (1 ! provisions ( ,mortgagee ,lett] #bjjb-ag ( ! ,secret>y 7reg>d+ ,special ,=be>ance3 ,program ,*anges & ,updates7 relat+ to ,type ,i ,special ,=be>ance1 except t-- 7i7 an (f] ( =be>ance "u ! program "u ?is section %all only provide relief describ$ 9 p>agraph 7#a77;,a7 ( ?is subsection2 7ii7 any requirem5t "u su* ,mortgagee ,lett] relat+ to del9qu5cy ( ! mortgage or paym5ts due & unpaid %all n apply to ! program "u ?is section2 & 7iii7 ! t]ms ( su* ,mortgagee ,lett] %all apply ) respect to mortgages describ$ 9 subsection 7b77#b77;,b7 & to ! ,director 9 ! same mann] & to ! same ext5t t su* ,mortgagee ,lett] applies to mortgages describ$ 9 subsection 7b77#b77;,a7 & ! ,secret>y2 & 7,b7 ! p]iod ref]r$ to 9 p>agraph 7#a77;,a7 ( ?is subsection may cov] p]iods = :i* paym5ts due "u ! mortgage 7 n paid t occurr$ be=e ! reque/ = relief "u ! program 0 submitt$1 includ+ p]iods occurr+ be=e ! date ( ! enactm5t ( ?is ,act4 7i7 ,o!r =be>ance ,?is section may n be con/ru$ to prev5t an eligible home[n] & ! mortgagee = ! cov]$ mortgage ( su* eligible home[n] f agree+ to any o!r t]ms ( =be>ance1 reg>dless ( :e!r su* eligible home[n] made a reque/ "u subsection 7e7 or receiv$ an (f] ( =be>ance pursuant to subsection 7g74 7j7 ,o!r def9itions ,= purposes ( ?is section1 ! foll[+ def9itions %all apply3 7#a7 ,applicable ag5cy head ,! t]m applicable ag5cy head means-- 7,a7 ! ,secret>y1 ) respect to a cov]$ mortgage describ$ 9 subsection 7b77#b77;,a72 & 7,b7 ! ,director1 ) respect to a cov]$ mortgage describ$ 9 subsection 7b77#b77;,b74 7#b7 ,director ,! t]m ,director means ! ,director ( ! ,f$]al ,h\s+ ,f9ance ,ag5cy4 7#c7 ,mortgagee ,! t]m mortgagee means1 ) respect to a cov]$ mortgage1 ! orig9al l5d] "u ! mortgage & any affiliates1 ag5ts1 subsidi>ies1 successors1 or assignees ( su* l5d]1 any subsequ5t pur*as]1 tru/ee1 or transf]ee ( ! mortgage or cr$it in/rum5t issu$ by su* l5d]4 7#d7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,h\s+ & ,urban ,developm5t4 7k7 ,guidel9es ,n lat] ?an ! expiration ( ! #cj-;day p]iod beg9n+ on ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y & ! ,director %all jo9tly issue guidel9es to c>ry out ! program "u ?is section4