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H.R. 200: | Helping Families Save Their Homes in Bankruptcy Act of 2009 | 111th Congress 2009-2010 |
To amend title 11 of the United States Code with respect to modification of certain mortgages on principal residences, and for other purposes. OverviewSponsor: | | Text: | Summary
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Full Text | Status: |  | Introduced | Jan 6, 2009 | | Referred to Committee | View Committee Assignments | | Reported by Committee | Jan 27, 2009 |  | House Vote | ... | | Senate Vote | ... | | Signed by President | ... |
This bill was considered in committee which has recommended it be considered by
the House as a whole. Although it has been
placed on a calendar of business, the order in which legislation is considered
and voted on is determined by the majority party leadership.
Keep in mind that sometimes the text of one bill is incorporated into another bill, and in those cases the original bill, as it would appear here, would seem to be abandoned.
[Last Updated: Jan 27, 2010 8:11PM] | Last Action: | Feb 24, 2009:
Placed on the Union Calendar, Calendar No. 7. | Related: | See the Related Legislation page for other bills related to this one and a list of subject terms
that have been applied to this bill.
Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned. |
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Question & Answer 
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See 17 more questions posed on this topic or submit your own question on the Q&A page.
May 6, 2009 3:30 PM - I was able to modify my note with step up rates, however in three years the rate will force me to relocate and foreclosure will happen. Since I was able to modify, and seeing what is going to happen, will I still be able to utilize this bill if it passes? -
Read AnswersAnswered by a visitor on Jun 17, 2009 12:10 PM -
You should be able to receive a modification under the terms of the law in bankruptcy assuming you qualify to file a chapter 13 case. The loan modifications most people are looking at right now with their mortgage company are voluntary agreements between the parties to a contract. Entering into such an agreement will not cause you to lose any rights under the statute as written. The bankruptcy provisions are not voluntary - the contract will be rewritten by the court. May 26, 2009 7:19 PM - Will I be eligible for the modification if I have another piece of property that could not be sold at the time of Ch. 13 and has also been devaluated? -
Answer it! |
Sources of InfluenceMAPLight.org reports that the following organizations
have taken a stance on this bill: | Support | Oppose |
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Center for Responsible Lending | Credit Union National Association Financial Services Roundtable Wells Fargo JPMorgan Chase & Co. Mortgage Bankers Association American Bankers Association |
Follow the link to MAPLight.org to see if campaign contributions from employees of these organizations are correlated with how Members of Congress voted on this bill. Because the U.S. Congress posts most legislative information online one legislative day after events occur, GovTrack is usually one legislative day behind. For more information about where this data comes from, see
About GovTrack.us. H.R. 200--111th Congress: Helping Families Save Their Homes in Bankruptcy Act of 2009.
(2009).
In GovTrack.us (database of federal legislation).
Retrieved Feb 9, 2010, from
http://www.govtrack.us/congress/bill.xpd?bill=h111-200
"H.R. 200--111th Congress: Helping Families Save Their Homes in Bankruptcy Act of 2009."
GovTrack.us (database of federal legislation).
2009.
Feb 9, 2010
<http://www.govtrack.us/congress/bill.xpd?bill=h111-200>
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|title=H.R. 200
|accessdate=Feb 9, 2010
|author=111th Congress (2009)
|date=Jan 6, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=Helping Families Save Their Homes in Bankruptcy Act of 2009
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