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Sec. 302. Nationwide Mortgage Fraud Task Force. 
TITLE IV—FORECLOSURE MORATORIUM PROVISIONS 
Sec. 401. Sense of the Congress on foreclosures. 
TITLE I—PREVENTION OF 
MORTGAGE FORECLOSURES 
Subtitle A—Modification of 
Residential Mortgages 
SEC. 100. DEFINITION. 
Section 101 of title 11, United States Code, is 
amended by inserting after paragraph (43) the following 
(and make such technical and conforming changes as may 
be appropriate): 
‘‘(43A) The term ‘qualified loan modification’ 
means a loan modification agreement made in ac-
cordance with the guidelines of the Obama Adminis-
tration’s Homeowner Affordability and Stability 
Plan as implemented March 4, 2009, that— 
‘‘(A) reduces the debtor’s payment (includ-
ing principal and interest, and payments for 
real estate taxes, hazard insurance, mortgage 
insurance premium, homeowners’ association 
dues, ground rent, and special assessments) on 
a loan secured by a senior security interest in 
the principal residence of the debtor, to a per-
centage of the debtor’s income in accordance 
with such guidelines, without any period of neg-
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ative amortization or under which the aggregate 
amount of the regular periodic payments would 
not fully amortize the outstanding principal 
amount of such loan; 
‘‘(B) requires no fees or charges to be paid 
by the debtor in order to obtain such modifica-
tion; and 
‘‘(C) permits the debtor to continue to 
make payments under the modification agree-
ment notwithstanding the filing of a case under 
this title, as if such case had not been filed.’’. 
SEC. 101. ELIGIBILITY FOR RELIEF. 
Section 109 of title 11, United States Code, is 
amended— 
(1) by adding at the end of subsection (e) the 
following: ‘‘For purposes of this subsection, the com-
putation of debts shall not include the secured or 
unsecured portions of— 
‘‘(1) debts secured by the debtor’s principal res-
idence if the value of such residence as of the date 
of the order for relief under chapter 13 is less than 
the applicable maximum amount of noncontingent, 
liquidated, secured debts specified in this subsection; 
or
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‘‘(2) debts secured or formerly secured by what 
was the debtor’s principal residence that was sold in 
foreclosure or that the debtor surrendered to the 
creditor if the value of such real property as of the 
date of the order for relief under chapter 13 was less 
than the applicable maximum amount of noncontin-
gent, liquidated, secured debts specified in this sub-
section.’’, and 
(2) by adding at the end of subsection (h) the 
following: 
‘‘(5) Notwithstanding the 180-day period speci-
fied in paragraph (1), with respect to a debtor in a 
case under chapter 13 who submits to the court a 
certification that the debtor has received notice that 
the holder of a claim secured by the debtor’s prin-
cipal residence may commence a foreclosure on the 
debtor’s principal residence, the requirements of 
paragraph (1) shall be considered to be satisfied if 
the debtor satisfies such requirements not later than 
the expiration of the 30-day period beginning on the 
date of the filing of the petition.’’. 
SEC. 102. PROHIBITING CLAIMS ARISING FROM VIOLA-
TIONS OF THE TRUTH IN LENDING ACT. 
Section 502(b) of title 11, United States Code, is 
amended—