,,ii #aaith ,,congress #ast ,session ,s4 #caef ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #g1 #bjbe ,ms4 ,alsobrooks 7for herself1 ,mr4 ,van ,hollen1 ,mr4 ,kaine1 and ,mr4 ,warner7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to provide certain ,federal employees with the ability to request and receive a period of forbearance on certain mortgage loans during a period during which there is a lapse in appropriations1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,federal ,worker ,mortgage ,forbearance ,act4 #b4 ,right of affected individuals to request forbearance 7a7 ,definitions ,in this section3 7#a7 ,agency ,the term agency means each authority of the executive1 legislative1 or judicial branch of the ,government of the ,united ,states4 7#b7 ,covered individual ,the term covered individual-- 7,a7 means an employee of an agency1 without regard to whether the individual is1 during a period during which there is a lapse in appropriations with respect to the agency-- 7i7 determined to be an excepted employee or an employee performing emergency work1 as those terms are defined by the ,office of ,personnel ,management2 or 7ii7 subject to furlough2 7,b7 includes a contractor who-- 7i7 as part of the ordinary job duties of the individual1 provides support to any employee described in subparagraph 7,a72 and 7ii7 during a period during which there is a lapse in appropriations with respect to the applicable agency1 does not provide the services described in clause 7i72 and 7,c7 does not include an individual described in subparagraph 7,a7 or 7,b7 who1 during a period during which there is a lapse in appropriations with respect to the applicable agency1 is paid the basic pay ordinarily paid to the individual4 7#c7 ,covered period ,the term covered period means1 with respect to a period during which there is a lapse in appropriations with respect to an agency1 the period beginning on the date on which that lapse begins and ending on the date that is #ahj days after the date on which that lapse ends4 7#d7 ,federally backed mortgage loan ,the term ,federally backed mortgage loan means a loan that is-- 7,a7 secured by a first or subordinate lien on residential real property 7including individual units of condominiums and cooperatives7 designed principally for the occupancy of from #a- to #d- families2 and 7,b7 7i7 purchased or securitized by the ,federal ,home ,loan ,mortgage ,corporation or the ,federal ,national ,mortgage ,association2 7ii7 insured by the ,federal ,housing ,administration under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq472 7iii7 insured under section #bee of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agaez-#bj72 7iv7 guaranteed under section #ahd or #ahd;,a of the ,housing and ,community ,development ,act of #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b72 7v7 guaranteed or insured by the ,department of ,veterans ,affairs2 or 7vi7 guaranteed1 made1 or insured by the ,department of ,agriculture4 7b7 ,forbearance of loan payments for holders of ,federally backed mortgage loans during covered periods 7#a7 ,in general ,during any covered period with respect to an agency that begins on or after the effective date of this section described in subsection 7d71 a covered individual with respect to the agency with a ,federally backed mortgage loan may request forbearance on the ,federally backed mortgage loan1 regardless of delinquency status1 by-- 7,a7 submitting a request to the servicer of the ,federally backed mortgage loan2 and 7,b7 affirming that the covered individual is experiencing a financial hardship because of the applicable lapse in appropriations4 7#b7 ,grant of forbearance ,upon a request by a covered individual for forbearance under paragraph 7#a71 the servicer to which the request was submitted shall promptly1 and without unreasonable delay1 grant forbearance with respect to the applicable ,federally backed mortgage loan-- 7,a7 for a period of #ij days2 and 7,b7 regardless of the delinquency status of the ,federally backed mortgage loan4 7#c7 ,right to discontinue ,a covered individual with respect to whom forbearance is granted under this subsection may1 at any time1 request that the applicable servicer discontinue the forbearance4 7#d7 ,accrual of interest or fees ,during a period of forbearance under this subsection1 no fees1 penalties1 or interest1 beyond the amounts scheduled or calculated as if the applicable covered individual made all contractual payments on time and in full under the terms of the mortgage contract1 shall accrue on the account of the covered individual4 7#e7 ,no lump-sum payment required ,after the end of a period of forbearance under this subsection with respect to a ,federally backed mortgage loan1 the servicer of the ,federally backed mortgage loan may not require the applicable covered individual to pay a lump-sum payment for the payments on the ,federally backed mortgage loan that were not paid during that period of forbearance4 7#f7 ,criminal penalty for false statements ,knowingly making a false statement in1 or in connection with1 a request for forbearance under paragraph 7#a7 shall constitute a violation of section #ajad of title #ah1 ,united ,states ,code4 7#g7 ,notice ,not later than #aj days after the date on which a lapse in appropriations with respect to an agency begins1 the head of the agency shall provide notice to covered individuals with respect to the agency of the rights of the covered individuals under this subsection4 7#h7 ,rule of construction ,nothing in this subsection may be construed to grant forgiveness with respect to a ,federally backed mortgage loan4 7c7 ,furnishing of credit information ,section #fbc7;a77#a7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afhas-#b7;a77#a77 is amended by adding at the end the following3 7,g7 ,reporting information relating to certain forbearances 7i7 ,definition ,in this subsection1 the term accommodation means an agreement to grant a period of forbearance pursuant to section #b7;b7 of the ,federal ,worker ,mortgage ,forbearance ,act4 7ii7 ,reporting ,except as provided in clause 7iii71 if a furnisher makes an accommodation with respect to #a or more payments on a credit obligation or account of a consumer1 and the consumer makes the payments or is not required to make #a or more payments pursuant to the accommodation1 the furnisher shall-- 7,i7 report the credit obligation or account as current2 or 7,,ii7 if the credit obligation or account was delinquent before the accommodation-- 7aa7 maintain the delinquent status during the period in which the accommodation is in effect2 and 7bb7 if the consumer brings the credit obligation or account current during the period described in item 7aa71 report the credit obligation or account as current4 7iii7 ,exception ,clause 7ii7 shall not apply with respect to a credit obligation or account of a consumer that has been charged-off4 4 7d7 ,retroactive effective date ,this section1 and the amendments made by this section1 shall take effect as if enacted on ,september #cj1 #bjbe4