I 
116TH CONGRESS 
2D SESSION 
H. R. 6741 
To amend the CARES Act to provide forbearance and foreclosure 
moratoriums for all mortgage loans, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 8, 2020 
Mr. CLAY (for himself, Ms. WATERS, Mr. LAWSON of Florida, Ms. NORTON, 
Mr. GREEN of Texas, Mr. LYNCH, Mr. GARCI´A of Illinois, Mr. SMITH of 
Washington, Mrs. HAYES, Mr. KHANNA, Mr. BROWN of Maryland, Miss 
RICE of New York, Mr. HASTINGS, Mr. ESPAILLAT, Mr. SHERMAN, Mr. 
CARSON of Indiana, Mr. SIRES, Ms. SCHAKOWSKY, Mr. MEEKS, Mr. HIG-
GINS of New York, Mr. COHEN, Ms. ROYBAL-ALLARD, Ms. JUDY CHU 
of California, Mr. SOTO, and Ms. GABBARD) introduced the following bill; 
which was referred to the Committee on Financial Services, and in addi-
tion to the Committee on the Judiciary, for a period to be subsequently 
determined by the Speaker, in each case for consideration of such provi-
sions as fall within the jurisdiction of the committee concerned 
A BILL 
To amend the CARES Act to provide forbearance and fore-
closure moratoriums for all mortgage loans, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. MORTGAGE RELIEF. 
(a) SHORT TITLE.—This section may be cited as the 
‘‘COVID–19 Mortgage Relief Act’’. 
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(b) MORTGAGE RELIEF.— 
(1) FORBEARANCE AND FORECLOSURE MORA-
TORIUM FOR COVERED MORTGAGE LOANS.—Section 
4022 of the CARES Act (15 U.S.C. 9056) is 
amended— 
(A) by striking ‘‘Federally backed mort-
gage loan’’ each place such term appears and 
inserting ‘‘covered mortgage loan’’; and 
(B) in subsection (a)— 
(i) by amending paragraph (2) to read 
as follows: 
‘‘(2) COVERED
MORTGAGE
LOAN.—The term 
‘covered mortgage loan’ means any credit trans-
action that is secured by a mortgage, deed of trust, 
or other equivalent consensual security interest on a 
1- to 4-unit dwelling or on residential real property 
that includes a 1- to 4-unit dwelling, except that it 
shall not include a credit transaction under an open 
end credit plan other than a reverse mortgage.’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(3) COVERED
PERIOD.—With respect to a 
loan, the term ‘covered period’ means the period be-
ginning on the date of enactment of this Act and 
ending 12 months after such date of enactment.’’. 
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(2) AUTOMATIC
FORBEARANCE
FOR
DELIN-
QUENT
BORROWERS.—Section 
4022(c) 
of 
the 
CARES Act (15 U.S.C. 9056(c)), as amended by 
paragraph (5) of this subsection, is further amended 
by adding at the end the following: 
‘‘(9) AUTOMATIC
FORBEARANCE
FOR
DELIN-
QUENT BORROWERS.— 
‘‘(A) IN GENERAL.—Notwithstanding any 
other law governing forbearance relief— 
‘‘(i) any borrower whose covered mort-
gage loan became 60 days delinquent be-
tween March 13, 2020, and the date of en-
actment of this paragraph, and who has 
not already received a forbearance under 
subsection (b), shall automatically be 
granted a 60-day forbearance that begins 
on the date of enactment of this para-
graph, provided that a borrower shall not 
be considered delinquent for purposes of 
this paragraph while making timely pay-
ments or otherwise performing under a 
trial modification or other loss mitigation 
agreement; and 
‘‘(ii) any borrower whose covered 
mortgage loan becomes 60 days delinquent 
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between the date of enactment of this 
paragraph and the end of the covered pe-
riod, and who has not already received a 
forbearance under subsection (b), shall 
automatically be granted a 60-day forbear-
ance that begins on the 60th day of delin-
quency, provided that a borrower shall not 
be considered delinquent for purposes of 
this paragraph while making timely pay-
ments or otherwise performing under a 
trial modification or other loss mitigation 
agreement. 
‘‘(B) INITIAL EXTENSION.—An automatic 
forbearance provided under subparagraph (A) 
shall be extended for up to an additional 120 
days upon the borrower’s request, oral or writ-
ten, submitted to the borrower’s servicer affirm-
ing that the borrower is experiencing a financial 
hardship that prevents the borrower from mak-
ing timely payments on the covered mortgage 
loan due, directly or indirectly, to the COVID– 
19 emergency. 
‘‘(C) SUBSEQUENT
EXTENSION.—A for-
bearance extended under subparagraph (B) 
shall be extended for up to an additional 180 
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days, up to a maximum of 360 days (including 
the period of automatic forbearance), upon the 
borrower’s request, oral or written, submitted to 
the borrower’s servicer affirming that the bor-
rower is experiencing a financial hardship that 
prevents the borrower from making timely pay-
ments on the covered mortgage loan due, di-
rectly or indirectly, to the COVID–19 emer-
gency. 
‘‘(D) RIGHT TO ELECT TO CONTINUE MAK-
ING PAYMENTS.—With respect to a forbearance 
provided under this paragraph, the borrower of 
such loan may elect to continue making regular 
payments on the loan. A borrower who makes 
such election shall be offered a loss mitigation 
option pursuant to subsection (d) within 30 
days of resuming regular payments to address 
any payment deficiency during the forbearance. 
‘‘(E) RIGHT
TO
SHORTEN
FORBEAR-
ANCE.—At a borrower’s request, any period of 
forbearance provided under this paragraph may 
be shortened. A borrower who makes such a re-
quest shall be offered a loss mitigation option 
pursuant to subsection (d) within 30 days of re-
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suming regular payments to address any pay-
ment deficiency during the forbearance. 
‘‘(10) AUTOMATIC FORBEARANCE FOR CERTAIN 
REVERSE MORTGAGE LOANS.— 
‘‘(A) IN
GENERAL.—When any covered 
mortgage loan which is also a federally insured 
reverse mortgage loan, during the covered pe-
riod, is due and payable due to the death of the 
last borrower or end of a deferral period or eli-
gible to be called due and payable due to a 
property charge default, or if the borrower de-
faults on a property charge repayment plan, or 
if the borrower defaults for failure to complete 
property repairs, or if an obligation of the bor-
rower under the Security Instrument is not per-
formed, the mortgagee automatically shall be 
granted a six-month extension of— 
‘‘(i) the mortgagee’s deadline to re-
quest due and payable status from the De-
partment of Housing and Urban Develop-
ment; 
‘‘(ii) the mortgage’s deadline to send 
notification to the mortgagor or his or her 
heirs that the loan is due and payable; 
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‘‘(iii) the deadline to initiate fore-
closure; 
‘‘(iv) any reasonable diligence period 
related to foreclosure or the Mortgagee Op-
tional Election; 
‘‘(v) if applicable, the deadline to ob-
tain the due and payable appraisal; and 
‘‘(vi) any claim submission deadline, 
including the 6-month acquired property 
marketing period. 
‘‘(B) FORBEARANCE PERIOD.—The mort-
gagee shall not request due and payable status 
from the Secretary of Housing and Urban De-
velopment nor initiate foreclosure during this 
six-month period described under subparagraph 
(A), which shall be considered a forbearance pe-
riod. 
‘‘(C) EXTENSION.—A forbearance provided 
under subparagraph (B) and related deadline 
extension authorized under subparagraph (A) 
shall be extended for an additional 180 days 
upon— 
‘‘(i) the borrower’s request, oral or 
written, 
submitted 
to 
the 
borrower’s 
servicer affirming that the borrower is ex-
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periencing a financial hardship that pre-
vents the borrower from making payments 
on property charges, completing property 
repairs, or performing an obligation of the 
borrower under the Security Instrument 
due, directly or indirectly, to the COVID– 
19 emergency; 
‘‘(ii) a non-borrowing spouse’s re-
quest, oral or written, submitted to the 
servicer affirming that the non-borrowing 
spouse has been unable to satisfy all cri-
teria for the Mortgagee Optional Election 
program due, directly or indirectly, to the 
COVID-19 emergency, or to perform all 
actions necessary to become an eligible 
non-borrowing spouse following the death 
of all borrowers; or 
‘‘(iii) a successor-in-interest of the 
borrower’s request, oral or written, sub-
mitted to the servicer affirming the heir’s 
difficulty satisfying the reverse mortgage 
loan due, directly or indirectly, to the 
COVID-19 emergency. 
‘‘(D) CURTAILMENT
OF
DEBENTURE
IN-
TEREST.—Where any covered mortgage loan 
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which is also a federally insured reverse mort-
gage loan is in default during the covered pe-
riod and subject to a prior event which provides 
for curtailment of debenture interest in connec-
tion with a claim for insurance benefits, the 
curtailment of debenture interest shall be sus-
pended during any forbearance period provided 
herein.’’. 
(3) ADDITIONAL FORECLOSURE AND REPOSSES-
SION
PROTECTIONS.—Section 
4022(c) 
of 
the 
CARES Act (15 U.S.C. 9056(c)) is amended— 
(A) in paragraph (2), by striking ‘‘may not 
initiate any judicial or non-judicial foreclosure 
process, move for a foreclosure judgment or 
order of sale, or execute a foreclosure-related 
eviction or foreclosure sale for not less than the 
60-day period beginning on March 18, 2020’’ 
and inserting ‘‘may not initiate or proceed with 
any judicial or non-judicial foreclosure process, 
schedule a foreclosure sale, move for a fore-
closure judgment or order of sale, execute a 
foreclosure related eviction or foreclosure sale 
for six months after the date of enactment of 
the COVID–19 HERO Act’’; and 
(B) by adding at the end the following: 
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‘‘(3) REPOSSESSION MORATORIUM.—In the case 
of personal property, including any recreational or 
motor vehicle, used as a dwelling, no person may use 
any judicial or non-judicial procedure to repossess or 
otherwise take possession of such property for six 
months after date of enactment of this paragraph.’’. 
(4) MORTGAGE FORBEARANCE REFORMS.—Sec-
tion 4022 of the CARES Act (15 U.S.C. 9056) is 
amended— 
(A) in subsection (b), by striking para-
graphs (1), (2), and (3) and inserting the fol-
lowing: 
‘‘(1) IN GENERAL.—During the covered period, 
a borrower with a covered mortgage loan who has 
not obtained automatic forbearance pursuant to this 
section and who is experiencing a financial hardship 
that prevents the borrower from making timely pay-
ments on the covered mortgage loan due, directly or 
indirectly, to the COVID–19 emergency may request 
forbearance on the loan, regardless of delinquency 
status, by— 
‘‘(A) submitting a request, orally or in 
writing, to the servicer of the loan; and 
‘‘(B) affirming that the borrower is experi-
encing a financial hardship that prevents the 
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borrower from making timely payments on the 
covered mortgage loan due, directly or indi-
rectly, to the COVID–19 emergency. 
‘‘(2) DURATION OF FORBEARANCE.— 
‘‘(A) IN GENERAL.—Upon a request by a 
borrower to a servicer for forbearance under 
paragraph (1), such forbearance shall be grant-
ed by the servicer for the period requested by 
the borrower, up to an initial length of 180 
days, the length of which shall be extended by 
the servicer, at the request of the borrower for 
the period or periods requested, for a total for-
bearance period of up to 12 months. 
‘‘(B) 
MINIMUM
FORBEARANCE 
AMOUNTS.—For purposes of granting a forbear-
ance under this paragraph, a servicer may 
grant an initial forbearance with a term of not 
less than 90 days, provided that it is automati-
cally extended for an additional 90 days unless 
the servicer confirms the borrower does not 
want to renew the forbearance or that the bor-
rower is no longer experiencing a financial 
hardship that prevents the borrower from mak-
ing timely mortgage payments due, directly or 
indirectly, to the COVID–19 emergency. 
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‘‘(C) 
RIGHT
TO
SHORTEN
FORBEAR-
ANCE.—At a borrower’s request, any period of 
forbearance described under this paragraph 
may be shortened. A borrower who makes such 
a request shall be offered a loss mitigation op-
tion pursuant to subsection (d) within 30 days 
of resuming regular payments to address any 
payment deficiency during the forbearance. 
‘‘(3) ACCRUAL
OF
INTEREST
OR
FEES.—A 
servicer shall not charge a borrower any fees, pen-
alties, or interest (beyond the amounts scheduled or 
calculated as if the borrower made all contractual 
payments on time and in full under the terms of the 
mortgage contract) in connection with a forbearance, 
provided that a servicer may offer the borrower a 
modification option at the end of a forbearance pe-
riod granted hereunder that includes the capitaliza-
tion of past due principal and interest and escrow 
payments as long as the borrower’s principal and in-
terest payment under such modification remains at 
or below the contractual principal and interest pay-
ments owed under the terms of the mortgage con-
tract before such forbearance period except as the 
result of a change in the index of an adjustable rate 
mortgage. 
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‘‘(4) COMMUNICATION WITH SERVICERS.—Any 
communication between a borrower and a servicer 
described under this section may be made in writing 
or orally, at the borrower’s choice. 
‘‘(5) COMMUNICATION WITH BORROWERS WITH 
A
DISABILITY.—Upon request from a borrower, 
servicers shall communicate with borrowers who 
have a disability in the borrower’s preferred method 
of communication. For purposes of this paragraph, 
the term ‘disability’ has the meaning given that term 
in the Fair Housing Act, the Americans with Dis-
abilities Act of 1990, or the Rehabilitation Act of 
1973.’’; and 
(B) in subsection (c), by amending para-
graph (1) to read as follows: 
‘‘(1) 
NO
DOCUMENTATION
REQUIRED.—A 
servicer of a covered mortgage loan shall not require 
any documentation with respect to a forbearance 
under this section other than the borrower’s affirma-
tion (oral or written) to a financial hardship that 
prevents the borrower from making timely payments 
on the covered mortgage loan due, directly or indi-
rectly, to the COVID–19 emergency. An oral request 
for forbearance and oral affirmation of hardship by 
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the borrower shall be sufficient for the borrower to 
obtain or extend a forbearance.’’. 
(5) OTHER SERVICER REQUIREMENTS DURING 
FORBEARANCE.—Section 4022(c) of the CARES Act 
(15 U.S.C. 9056(c)), as amended by paragraph (3) 
of this subsection, is further amended by adding at 
the end the following: 
‘‘(4) FORBEARANCE
TERMS
NOTICE.—Within 
30 days of a servicer of a covered mortgage loan 
providing forbearance to a borrower under sub-
section (b) or paragraph (9) or (10), or 10 days if 
the forbearance is for a term of less than 60 days, 
but only where the forbearance was provided in re-
sponse to a borrower’s request for forbearance or 
when an automatic forbearance was initially pro-
vided under paragraph (9) or (10), and not when an 
existing forbearance is automatically extended, the 
servicer shall provide the borrower with a notice in 
accordance with the terms in paragraph (5). 
‘‘(5) CONTENTS OF NOTICE.—The written no-
tice required under paragraph (4) shall state in 
plain language— 
‘‘(A) the specific terms of the forbearance; 
‘‘(B) the beginning and ending dates of the 
forbearance; 
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‘‘(C) that the borrower is eligible for up to 
12 months of forbearance; 
‘‘(D) that the borrower may request an ex-
tension of the forbearance unless the borrower 
will have reached the maximum period at the 
end of the forbearance; 
‘‘(E) that the borrower may request that 
the initial or extended period be shortened at 
any time; 
‘‘(F) that the borrower should contact the 
servicer before the end of the forbearance pe-
riod; 
‘‘(G) a description of the loss mitigation 
options that may be available to the borrower at 
the end of the forbearance period based on the 
borrower’s specific loan; 
‘‘(H) information on how to find a housing 
counseling agency approved by the Department 
of Housing and Urban Development; 
‘‘(I) in the case of a forbearance provided 
pursuant to paragraph (9) or (10), that the for-
bearance was automatically provided and how 
to contact the servicer to make arrangements 
for further assistance, including any renewal; 
and 
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‘‘(J) where applicable, that the forbearance 
is subject to an automatic extension including 
the terms of any such automatic extensions and 
when any further extension would require a bor-
rower request. 
‘‘(6) TREATMENT
OF
ESCROW
ACCOUNTS.— 
During any forbearance provided under this section, 
a servicer shall pay or advance funds to make dis-
bursements in a timely manner from any escrow ac-
count established on the covered mortgage loan. 
‘‘(7) NOTIFICATION FOR BORROWERS.—During 
the period that begins 90 days after the date of the 
enactment of this paragraph and ends at the end of 
the covered period, each servicer of a covered mort-
gage loan shall be required to— 
‘‘(A) make available in a clear and con-
spicuous manner on their web page accurate in-
formation, in English and Spanish, for bor-
rowers regarding the availability of forbearance 
as provided under subsection (b); and 
‘‘(B) notify every borrower whose pay-
ments on a covered mortgage loan are delin-
quent in any oral communication with or to the 
borrower that the borrower may be eligible to 
request forbearance as provided under sub-
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section (b), except that such notice shall not be 
required if the borrower already has requested 
forbearance under subsection (b). 
‘‘(8) CERTAIN TREATMENT UNDER RESPA.—As 
long as a borrower’s payment on a covered mortgage 
loan was not more than 30 days delinquent on 
March 13, 2020, a servicer may not deem the bor-
rower as delinquent while a forbearance granted 
under subsection (b) is in effect for purposes of the 
application of sections 6 and 10 of the Real Estate 
Settlement Procedures Act and any applicable regu-
lations.’’. 
(6) POST-FORBEARANCE LOSS MITIGATION.— 
(A) AMENDMENT TO CARES ACT.—Section 
4022 of the CARES Act (15 U.S.C. 9056) is 
amended by adding at the end the following: 
‘‘(d) POST-FORBEARANCE LOSS MITIGATION.— 
‘‘(1) NOTICE OF AVAILABILITY OF ADDITIONAL 
FORBEARANCE.—With respect to any covered mort-
gage loan as to which forbearance under this section 
has been granted and not otherwise extended, in-
cluding by automatic extension, a servicer shall, no 
later than 30 days before the end of the forbearance 
period, in writing, notify the borrower that addi-
tional forbearance may be available and how to re-
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quest such forbearance, except that no such notice 
is required where the borrower already has requested 
an extension of the forbearance period, is subject to 
automatic 
extension 
pursuant 
to 
subsection 
(b)(2)(B), or no additional forbearance is available. 
‘‘(2) LOSS MITIGATION OFFER BEFORE EXPIRA-
TION OF FORBEARANCE.—No later than 30 days be-
fore the end of any forbearance period that has not 
been extended or 30 days after a request by a con-
sumer to terminate the forbearance, which time shall 
be before the servicer initiates or engages in any 
foreclosure activity listed in subsection (c)(2), in-
cluding incurring or charging to a borrower any fees 
or corporate advances related to a foreclosure, the 
servicer shall, in writing— 
‘‘(A) offer the borrower a loss mitigation 
option, without the charging of any fees or pen-
alties other than interest, such that the bor-
rower’s principal and interest payment remains 
the same as it was prior to the forbearance, 
subject to any adjustment of the index pursuant 
to the terms of an adjustable rate mortgage, 
and that either— 
‘‘(i) defers the payment of total ar-
rearages, including any escrow advances, 
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to the end of the existing term of the loan, 
without the charging or collection of any 
additional 
interest 
on 
the 
deferred 
amounts; or 
‘‘(ii) extends the term of the mortgage 
loan, and capitalizes, defers, or forgives all 
escrow advances and other arrearages, 
provided, however, that the servicer may offer 
the borrower a loss mitigation option that re-
duces the principal and interest payment on the 
loan and capitalizes, defers, or forgives all es-
crow advances or arrearages if the servicer has 
information indicating that the borrower cannot 
resume the pre-forbearance mortgage payments; 
and 
‘‘(B) concurrent with the loss mitigation 
offer in subparagraph (A), notify the borrower 
that the borrower has the right to be evaluated 
for other loss mitigation options if the borrower 
is not able to make the payment under the op-
tion offered in subparagraph (A). 
‘‘(3) EVALUATION FOR LOSS MITIGATION PRIOR 
TO
FORECLOSURE
INITIATION.—Before a servicer 
may initiate or engage in any foreclosure activity 
listed in subsection (c)(2), including incurring or 
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charging to a borrower any fees or corporate ad-
vances related to a foreclosure on the basis that the 
borrower has failed to perform under the loss miti-
gation offer in paragraph (2)(A) within the first 90 
days after the option is offered, including a failure 
to accept the loss mitigation offer in paragraph 
(2)(A), the servicer shall— 
‘‘(A) unless the borrower has already sub-
mitted a complete application that the servicer 
is reviewing— 
‘‘(i) notify the borrower in writing of 
the documents and information, if any, 
needed by the servicer to enable the 
servicer to consider the borrower for all 
available loss mitigation options; and 
‘‘(ii) exercise reasonable diligence to 
obtain the documents and information 
needed to complete the borrower’s loss 
mitigation application; and 
‘‘(B) upon receipt of a complete applica-
tion or if, despite the servicer’s exercise of rea-
sonable diligence, the loss mitigation application 
remains incomplete sixty days after the notice 
in paragraph (2)(A) is sent, conduct an evalua-
tion of the complete or incomplete loss mitiga-
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tion application without reference to whether 
the borrower has previously submitted a com-
plete loss mitigation application and offer the 
borrower all available loss mitigation options for 
which the borrower qualifies under applicable 
investor guidelines, including guidelines regard-
ing required documentation. 
‘‘(4) EFFECT ON FUTURE REQUESTS FOR LOSS 
MITIGATION REVIEW.—An application, offer, or eval-
uation for loss mitigation under this section shall 
not be the basis for the denial of a borrower’s appli-
cation as duplicative or for a reduction in the bor-
rower’s appeal rights under Regulation X (12 C.F.R. 
1024) in regard to any loss mitigation application 
submitted after the servicer has complied with the 
requirements of paragraphs (2) and (3). 
‘‘(5) SAFE HARBOR.—Any loss mitigation op-
tion authorized by the Federal National Mortgage 
Association, the Federal Home Loan Corporation, or 
the Federal Housing Administration that either— 
‘‘(A) defers the payment of total arrear-
ages, including any escrow advances, to the end 
of the existing term of the loan, without the 
charging or collection of any additional interest 
on the deferred amounts; or 
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‘‘(B) extends the term of the mortgage 
loan, and capitalizes, defers, or forgives all es-
crow advances and other arrearages, without 
the charging of any fees or penalties beyond in-
terest on any amount capitalized into the loan 
principal, 
shall be deemed to comply with the requirements of 
paragraph (1)(B). 
‘‘(6) HOME RETENTION OPTIONS FOR CERTAIN 
REVERSE MORTGAGE LOANS.— 
‘‘(A) IN GENERAL.—For a covered mort-
gage loan which is also a federally insured re-
verse mortgage loan, a servicer’s conduct shall 
be deemed to comply with this section provided 
that if the loan is eligible to be called due and 
payable due to a property charge default, the 
mortgagee shall, as a precondition to sending a 
due and payable request to the Secretary or ini-
tiating or continuing a foreclosure process— 
‘‘(i) make a good faith effort to com-
municate with the borrower regarding 
available home retention options to cure 
the property charge default, including en-
couraging the borrower to apply for home 
retention options; and 
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‘‘(ii) consider the borrower for all 
available home retention options as allowed 
by the Secretary. 
‘‘(B) PERMISSIBLE REPAYMENT PLANS.— 
The Secretary shall amend its allowable home 
retention options to permit a repayment plan of 
up to 120 months in length, and to permit a re-
payment plan without regard to prior defaults 
on repayment plans. 
‘‘(C) LIMITATION ON INTEREST CURTAIL-
MENT.—The Secretary may not curtail interest 
paid to mortgagees who engage in loss mitiga-
tion or home retention actions through interest 
curtailment during such loss mitigation or home 
retention review or during the period when a 
loss mitigation or home retention plan is in ef-
fect and ending 90 days after any such plan 
terminates.’’. 
(B) AMENDMENT
TO
HOUSING
ACT
OF 
1949.—Section 505 of the Housing Act of 1949 
(42 U.S.C. 1475) is amended— 
(i) by striking the section heading and 
inserting ‘‘LOSS
MITIGATION
AND
FORE-
CLOSURE PROCEDURES’’; 
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(ii) in subsection (a), by striking the 
section designation and all that follows 
through ‘‘During any’’ and inserting the 
following: 
‘‘SEC. 505. (a) Moratorium—(1) In determining a 
borrower’s eligibility for relief, the Secretary shall make 
all eligibility decisions based on the borrower’s household’s 
income, expenses, and circumstances. 
‘‘(2) During any’’; 
(iii) by redesignating subsection (b) as 
subsection (c); and 
(iv) by inserting after subsection (a) 
the following new subsection: 
‘‘(b) LOAN
MODIFICATION.—(1) Notwithstanding 
any other provision of this title, for any loan made under 
section 502 or 504, the Secretary may modify the interest 
rate and extend the term of such loan for up to 30 years 
from the date of such modification. 
‘‘(2) At the end of any moratorium period granted 
under this section or under the COVID–19 HERO Act, 
the Secretary shall determine whether the borrower can 
reasonably resume making principal and interest pay-
ments after the Secretary modifies the borrower’s loan ob-
ligations in accordance with paragraph (1).’’. 
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(7) MULTIFAMILY MORTGAGE FORBEARANCE.— 
Section 4023 of the CARES Act (15 U.S.C. 9057) 
is amended— 
(A) by striking ‘‘Federally backed multi-
family mortgage loan’’ each place such term ap-
pears and inserting ‘‘multifamily mortgage 
loan’’; 
(B) in subsection (b), by striking ‘‘during’’ 
and inserting ‘‘due, directly or indirectly, to’’; 
(C) in subsection (c)(1)— 
(i) in subparagraph (A), by adding 
‘‘and’’ at the end; and 
(ii) by striking subparagraphs (B) and 
(C) and inserting the following: 
‘‘(B) provide the forbearance for up to the 
end of the period described under section 
4024(b).’’; 
(D) by redesignating subsection (f) as sub-
section (g); 
(E) by inserting after subsection (e) the 
following: 
‘‘(f) TREATMENT AFTER FORBEARANCE.—With re-
spect to a multifamily mortgage loan provided a forbear-
ance under this section, the servicer of such loan— 
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‘‘(1) shall provide the borrower with a 12- 
month period beginning at the end of such forbear-
ance to become current on the payments under such 
loan; 
‘‘(2) may not charge any late fees, penalties, or 
other charges with respect to payments on the loan 
that were due during the forbearance period, if such 
payments are made before the end of the 12-month 
period; and 
‘‘(3) may not report any adverse information to 
a credit rating agency (as defined under section 603 
of the Fair Credit Reporting Act with respect to any 
payments on the loan that were due during the for-
bearance period, if such payments are made before 
the end of the 12-month period.)’’; and 
(F) in subsection (g), as so redesignated— 
(i) in paragraph (2)— 
(I) by striking ‘‘that—’’ and all 
that follows through ‘‘(A) is secured 
by’’ and inserting ‘‘that is secured 
by’’; 
(II) by striking ‘‘; and’’ and in-
serting a period; and 
(III) by striking subparagraph 
(B); and 
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(ii) by amending paragraph (5) to 
read as follows: 
‘‘(5) COVERED
PERIOD.—With respect to a 
loan, the term ‘covered period’ has the meaning 
given that term under section 4022(a)(3).’’. 
(8) RENTER PROTECTIONS DURING FORBEAR-
ANCE PERIOD.—A borrower that receives a forbear-
ance pursuant to section 4022 or 4023 of the 
CARES Act (15 U.S.C. 9056 or 9057) may not, for 
the duration of the forbearance— 
(A) evict or initiate the eviction of a tenant 
solely for nonpayment of rent or other fees or 
charges; or 
(B) charge any late fees, penalties, or 
other charges to a tenant for late payment of 
rent. 
(9) EXTENSION OF GSE PATCH.— 
(A) 
NON-APPLICABILITY
OF
EXISTING 
SUNSET.—Section 1026.43(e)(4)(iii)(B) of title 
12, Code of Federal Regulations, shall have no 
force or effect. 
(B) EXTENDED
SUNSET.—The special 
rules in section 1026.43(e)(4) of title 12, Code 
of Federal Regulations, shall apply to covered 
transactions consummated prior to June 1, 
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2022, or such later date as the Director of the 
Bureau of Consumer Financial Protection may 
determine, by rule. 
(10) SERVICER SAFE HARBOR FROM INVESTOR 
LIABILITY.— 
(A) SAFE HARBOR.— 
(i) IN GENERAL.—A servicer of cov-
ered mortgage loans or multifamily mort-
gage loans shall be deemed not to have vio-
lated any duty or contractual obligation 
owed to investors or other parties regard-
ing such mortgage loans on account of of-
fering or implementing in good faith for-
bearance during the covered period or of-
fering or implementing in good faith post- 
forbearance loss mitigation (including after 
the expiration of the covered period) in ac-
cordance with the terms of sections 4022 
and 4023 of the CARES Act to borrowers, 
respectively, on covered or multifamily 
mortgage loans that it services and shall 
not be liable to any party who is owed such 
a duty or obligation or subject to any in-
junction, stay, or other equitable relief to 
such party on account of such offer or im-
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plementation of forbearance or post-for-
bearance loss mitigation. 
(ii) OTHER
PERSONS.—Any person, 
including a trustee of a securitization vehi-
cle 
or 
other 
party 
involved 
in 
a 
securitization or other investment vehicle, 
who in good faith cooperates with a 
servicer of covered or multifamily mortgage 
loans held by that securitization or invest-
ment vehicle to comply with the terms of 
section 4022 and 4023 of the CARES Act, 
respectively, to borrowers on covered or 
multifamily mortgage loans owned by the 
securitization or other investment vehicle 
shall not be liable to any party who is owed 
such a duty or obligation or subject to any 
injunction, stay, or other equitable relief to 
such party on account of its cooperation 
with an offer or implementation of forbear-
ance during the covered period or post-for-
bearance loss mitigation, including after 
the expiration of the covered period. 
(B) STANDARD
INDUSTRY
PRACTICE.— 
During the covered period, notwithstanding any 
contractual restrictions, it is deemed to be 
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standard industry practice for a servicer to 
offer forbearance or loss mitigation options in 
accordance with the terms of sections 4022 and 
4023 of the CARES Act to borrowers, respec-
tively, on all covered or multifamily mortgage 
loans it services. 
(C) RULE OF CONSTRUCTION.—Nothing in 
this paragraph may be construed as affecting 
the liability of a servicer or other person for ac-
tual fraud in the servicing of a mortgage loan 
or for the violation of a State or Federal law. 
(D) DEFINITIONS.—In this paragraph: 
(i) COVERED MORTGAGE LOAN.—The 
term ‘‘covered mortgage loan’’ has the 
meaning given that term under section 
4022(a) of the CARES Act. 
(ii) COVERED
PERIOD.—The term 
‘‘covered period’’ has the meaning given 
that term under section 4023(g) of the 
CARES Act. 
(iii) 
MULTIFAMILY
MORTGAGE 
LOAN.—The term ‘‘multifamily mortgage 
loan’’ has the meaning given that term 
under section 4023(g) of the CARES Act. 
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(iv) 
SERVICER.—The 
term 
‘‘servicer’’— 
(I) has the meaning given the 
term under section 6(i) of the Real 
Estate Settlement Procedures Act of 
1974 (12 U.S.C. 2605(i)); and 
(II) means a master servicer and 
a subservicer, as such terms are de-
fined, 
respectively, 
under 
section 
1024.31 of title 12, Code of Federal 
Regulations. 
(v) SECURITIZATION
VEHICLE.—The 
term ‘‘securitization vehicle’’ has the 
meaning given that term under section 
129A(f) of the Truth in Lending Act (15 
U.S.C. 1639a(f)). 
(11) AMENDMENTS
TO
NATIONAL
HOUSING 
ACT.—Section 306(g)(1) of the National Housing 
Act (12 U.S.C. 1721(a)) is amended— 
(A) in the fifth sentence, by inserting after 
‘‘issued’’ the following: ‘‘, subject to any pledge 
or grant of security interest of the Federal Re-
serve under section 4003(a) of the CARES Act 
(Public Law 116–136; 134 Stat. 470; 15 
U.S.C. 9042(a)) and to any such mortgage or 
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mortgages or any interest therein and the pro-
ceeds thereon, which the Association may elect 
to approve’’; and 
(B) in the sixth sentence— 
(i) by striking ‘‘or (C)’’ and inserting 
‘‘(C)’’; and 
(ii) by inserting before the period the 
following: ‘‘, or (D) its approval and hon-
oring of any pledge or grant of security in-
terest of the Federal Reserve under section 
4003(a) of the CARES Act and to any 
such mortgage or mortgages or any inter-
est therein and proceeds thereon as’’. 
(12) BANKRUPTCY PROTECTIONS.— 
(A) BANKRUPTCY PROTECTIONS FOR FED-
ERAL CORONAVIRUS RELIEF PAYMENTS.—Sec-
tion 541(b) of title 11, United States Code, is 
amended— 
(i) in paragraph (9), in the matter fol-
lowing subparagraph (B), by striking ‘‘or’’; 
(ii) in paragraph (10)(C), by striking 
the period at the end and inserting ‘‘; or’’; 
and 
(iii) by inserting after paragraph (10) 
the following: 
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‘‘(11) payments made under Federal law relat-
ing to the national emergency declared by the Presi-
dent under the National Emergencies Act (50 
U.S.C. 1601 et seq.) with respect to the coronavirus 
disease 2019 (COVID–19).’’. 
(B) PROTECTION
AGAINST
DISCRIMINA-
TORY TREATMENT OF HOMEOWNERS IN BANK-
RUPTCY.—Section 525 of title 11, United 
States Code, is amended by adding at the end 
the following: 
‘‘(d) A person may not be denied any forbearance, 
assistance, or loan modification relief made available to 
borrowers by a mortgage creditor or servicer because the 
person is or has been a debtor, or has received a discharge, 
in a case under this title.’’. 
(C) INCREASING THE HOMESTEAD EXEMP-
TION.—Section 522 of title 11, United States 
Code, is amended— 
(i) in subsection (d)(1), by striking 
‘‘$15,000’’ and inserting ‘‘$100,000’’; and 
(ii) by adding at the end the fol-
lowing: 
‘‘(r) Notwithstanding any other provision of applica-
ble nonbankruptcy law, a debtor in any State may exempt 
from property of the estate the property described in sub-
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section (d)(1) not to exceed the value in subsection (d)(1) 
if the exemption for such property permitted by applicable 
nonbankruptcy law is lower than that amount.’’. 
(D) EFFECT OF MISSED MORTGAGE PAY-
MENTS ON DISCHARGE.—Section 1328 of title 
11, United States Code, is amended by adding 
at the end the following: 
‘‘(i) A debtor shall not be denied a discharge under 
this section because, as of the date of discharge, the debtor 
did not make 6 or fewer payments directly to the holder 
of a debt secured by real property. 
‘‘(j) Notwithstanding subsections (a) and (b), upon 
the debtor’s request, the court shall grant a discharge of 
all debts provided for in the plan that are dischargeable 
under subsection (a) if the debtor— 
‘‘(1) has made payments under a confirmed 
plan for at least 1 year; and 
‘‘(2) who is experiencing or has experienced a 
material financial hardship due, directly or indi-
rectly, to the coronavirus disease 2019 (COVID–19) 
pandemic.’’. 
(E) EXPANDED ELIGIBILITY FOR CHAPTER 
13.—Section 109(e) of title 11, United States 
Code, is amended— 
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(i) by striking ‘‘$250,000’’ each place 
the 
term 
appears 
and 
inserting 
‘‘$850,000’’; and 
(ii) by striking ‘‘$750,000’’ each place 
the 
term 
appears 
and 
inserting 
‘‘$2,600,000’’. 
(F) EXTENDED CURE PERIOD FOR HOME-
OWNERS HARMED BY COVID–19 PANDEMIC.— 
(i) IN GENERAL.—Chapter 13 of title 
11, United States Code, is amended by 
adding at the end thereof the following: 
‘‘§ 1331. Special provisions related to COVID–19 pan-
demic 
‘‘(a) Notwithstanding subsections (b)(2) and (d) of 
section 1322, if the debtor is experiencing or has experi-
enced a material financial hardship due, directly or indi-
rectly, to the coronavirus disease 2019 (COVID–19) pan-
demic, a plan may provide for the curing of any default 
within a reasonable time, not to exceed 7 years after the 
time that the first payment under the original confirmed 
plan was due, and maintenance of payments while the case 
is pending on any unsecured claim or secured claim on 
which the last payment is due after the expiration of such 
time. Any such plan provision shall not affect the applica-
ble commitment period under section 1325(b). 
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‘‘(b) For purposes of sections 1328(a) and 1328(b), 
any cure or maintenance payments under subsection (a) 
that are made after the end of the period during which 
the plan provides for payments (other than payments 
under subsection (a)) shall not be treated as payments 
under the plan. 
‘‘(c) Notwithstanding section 1329(c), a plan modi-
fied under section 1329 at the debtor’s request may pro-
vide for cure or maintenance payments under subsection 
(a) over a period that is not longer than 7 years after 
the time that the first payment under the original con-
firmed plan was due. 
‘‘(d) Notwithstanding section 362(c)(2), during the 
period after the debtor receives a discharge and the period 
during which the plan provides for the cure of any default 
and maintenance of payments under the plan, section 
362(a) shall apply to the holder of a claim for which a 
default is cured and payments are maintained under sub-
section (a) and to any property securing such claim. 
‘‘(e) Notwithstanding section 1301(a)(2), the stay of 
section 1301(a) terminates upon the granting of a dis-
charge under section 1328 with respect to all creditors 
other than the holder of a claim for which a default is 
cured and payments are maintained under subsection 
(a).’’. 
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(ii) TABLE OF CONTENTS.—The table 
of sections of chapter 13, title 11, United 
States Code, is amended by adding at the 
end thereof the following: 
‘‘Sec. 1331. Special provisions related to COVID–19 pandemic.’’. 
(iii) APPLICATION.—The amendments 
made by this paragraph shall apply only to 
any case under title 11, United States 
Code, commenced before 3 years after the 
date of enactment of this Act and pending 
on or commenced after such date of enact-
ment, in which a plan under chapter 13 of 
title 11, United States Code, was not con-
firmed before March 27, 2020. 
(13) LIQUIDITY
FOR
MORTGAGE
SERVICERS 
AND RESIDENTIAL RENTAL PROPERTY OWNERS.— 
(A) IN
GENERAL.—Section 4003 of the 
CARES Act (15 U.S.C. 9042), is amended by 
adding at the end the following: 
‘‘(i) LIQUIDITY FOR MORTGAGE SERVICERS.— 
‘‘(1) IN GENERAL.—Subject to paragraph (2), 
the Secretary shall ensure that servicers of covered 
mortgage loans (as defined under section 4022) and 
multifamily mortgage loans (as defined under sec-
tion 4023) are provided the opportunity to partici-
pate in the loans, loan guarantees, or other invest-
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ments made by the Secretary under this section. The 
Secretary shall ensure that servicers are provided 
with access to such opportunities under equitable 
terms and conditions regardless of their size. 
‘‘(2) MORTGAGE
SERVICER
ELIGIBILITY.—In 
order to receive assistance under subsection (b)(4), 
a mortgage servicer shall— 
‘‘(A) 
demonstrate 
that 
the 
mortgage 
servicer has established policies and procedures 
to use such funds only to replace funds used for 
borrower assistance, including to advance funds 
as a result of forbearance or other loss mitiga-
tion provided to borrowers; 
‘‘(B) demonstrate that the mortgage 
servicer has established policies and procedures 
to provide forbearance, post-forbearance loss 
mitigation, and other assistance to borrowers in 
compliance with the terms of section 4022 or 
4023, as applicable; 
‘‘(C) 
demonstrate 
that 
the 
mortgage 
servicer has established policies and procedures 
to ensure that forbearance and post-forbearance 
assistance is available to all borrowers in a non- 
discriminatory fashion and in compliance with 
the Fair Housing Act, the Equal Credit Oppor-
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tunity Act, and other applicable fair housing 
and fair lending laws; and 
‘‘(D) comply with the limitations on com-
pensation set forth in section 4004. 
‘‘(3) MORTGAGE SERVICER REQUIREMENTS.—A 
mortgage servicer receiving assistance under sub-
section (b)(4) may not, while the servicer is under 
any obligation to repay funds provided or guaran-
teed under this section— 
‘‘(A) pay dividends with respect to the 
common stock of the mortgage servicer or pur-
chase an equity security of the mortgage 
servicer or any parent company of the mortgage 
servicer if the security is listed on a national se-
curities exchange, except to the extent required 
under a contractual obligation that is in effect 
on the date of enactment of this subsection; or 
‘‘(B) prepay any debt obligation.’’. 
(B) CREDIT FACILITY FOR RESIDENTIAL 
RENTAL PROPERTY OWNERS.— 
(i) IN GENERAL.—The Board of Gov-
ernors of the Federal Reserve System 
shall— 
(I) establish a facility, using 
amounts made available under section 
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4003(b)(4) of the CARES Act (15 
U.S.C. 9042(b)(4)), to make long- 
term, low-cost loans to residential 
rental property owners as to tempo-
rarily compensate such owners for 
documented financial losses caused by 
reductions in rent payments; and 
(II) defer such owners’ required 
payments on such loans until after six 
months after the date of enactment of 
this Act. 
(ii) 
REQUIREMENTS.—A 
borrower 
that receives a loan under this subsection 
may not, for the duration of the loan— 
(I) evict or initiate the eviction of 
a tenant solely for nonpayment of rent 
or other fees or charges; 
(II) charge any late fees, pen-
alties, or other charges to a tenant for 
late payment of rent; and 
(III) with respect to a person or 
entity described under clause (iv), dis-
criminate on the basis of source of in-
come. 
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(iii) REPORT ON RESIDENTIAL RENT-
AL
PROPERTY
OWNERS.—The Board of 
Governors shall issue a report to the Con-
gress containing the following, with respect 
to each property owner receiving a loan 
under this subsection: 
(I) The number of borrowers that 
received assistance under this sub-
section. 
(II) The average total loan 
amount that each borrower received. 
(III) The total number of rental 
units that each borrower owned. 
(IV) The average rent charged by 
each borrower. 
(iv) REPORT ON LARGE RESIDENTIAL 
RENTAL PROPERTY OWNERS.—The Board 
of Governors shall issue a report to Con-
gress that identifies any person or entity 
that in aggregate owns or holds a control-
ling interest in any entity that, in aggre-
gate, owns— 
(I) more than 100 rental units 
that are located within a single Metro-
politan Statistical Area; 
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(II) more than 1,000 rental units 
nationwide; or 
(III) rental units in three or 
more States. 
(C) MORTGAGE
PERFORMANCE
DATA.— 
Section 4003(c) of the CARES Act (Public Law 
116–136) is amended by adding at the end the 
following: 
‘‘(4) MORTGAGE PERFORMANCE DATA.— 
‘‘(A) MONTHLY REPORT.— 
‘‘(i) IN
GENERAL.—A servicer of a 
residential mortgage loan receiving a loan, 
loan guarantee, or any other investment 
under this section shall, beginning in the 
first month in which the loan, loan guar-
antee, or investment was received, collect 
and provide loan-level data to the Bureau 
of Consumer Financial Protection on a 
monthly basis with respect all residential 
mortgage loans serviced by the servicer. 
‘‘(ii) CONTENTS.—Each monthly re-
port required under this subparagraph 
shall contain identifying information and 
loan performance data for the most recent 
month as well as cumulative data since the 
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servicer began reporting under this para-
graph. 
‘‘(iii) TIME PERIOD FOR REPORTS.— 
Reports under this paragraph shall be pro-
vided by a servicer every month in which 
a loan, loan guarantee, or any other invest-
ment under this section has been received 
and for 2 years following such receipt. 
‘‘(B) IDENTIFYING
INFORMATION.—Each 
monthly report required under subparagraph 
(A) shall include the following loan-level identi-
fying information: 
‘‘(i) Demographic data, for each bor-
rower, including race, ethnicity, sex, and 
age. 
‘‘(ii) The location of the property, in-
cluding by State, Metropolitan Statistical 
Area, postal code, census tract, and Metro-
politan District, if applicable. 
‘‘(iii) Loan origination information, 
including original unpaid principal balance, 
original interest rate, first payment date, 
original loan term, and lien status (first or 
subordinate). 
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‘‘(iv) Loan type and type of loan pur-
chaser, as described under section 304 of 
the Home Mortgage Disclosure Act of 
1975 (12 U.S.C. 2803) and the rules 
issued to carry out such section. 
‘‘(C) LOAN
PERFORMANCE
DATA.—Each 
monthly report required under subparagraph 
(A) shall include the following loan-level loan 
performance data: 
‘‘(i) Current loan information, includ-
ing current actual unpaid principal bal-
ance, current interest rate, current loan 
delinquency status (based on the number 
of days the borrower is delinquent in pay-
ments based on the due date of the last 
paid loan payment), loan performance sta-
tus (including current, forbearance, repay-
ment plan, referred to foreclosure, trial 
modification, permanent modification, or 
foreclosed), and the date of the event lead-
ing to such status. 
‘‘(ii) Loss mitigation information, in-
cluding— 
‘‘(I) whether the loan is currently 
being evaluated for loss mitigation, 
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and if so the date upon which the cur-
rent loss mitigation process was initi-
ated and the date of complete applica-
tion, if any 
‘‘(II) the disposition of any pre-
vious loss mitigation evaluation re-
ported pursuant to subclause (I) and 
the date of disposition, including— 
‘‘(aa) denied; 
‘‘(bb) temporary or short- 
term agreement, such as a repay-
ment agreement or forbearance, 
and the length of such agreement 
(in months); 
‘‘(cc) trial loan modification; 
‘‘(dd) permanent loan modi-
fication; or 
‘‘(ee) other type of loss miti-
gation; and 
‘‘(III) for each permanent modi-
fication— 
‘‘(aa) whether the perma-
nent modification included one or 
more of— 
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‘‘(AA) additions of de-
linquent payments and fees 
to loan balances; 
‘‘(BB) interest rate re-
ductions and freezes; 
‘‘(CC) term extensions; 
‘‘(DD) 
reductions 
of 
principal; or 
‘‘(EE) deferrals of prin-
cipal; and 
‘‘(bb) 
whether 
the 
total 
monthly principal and interest 
payment, as a result of the per-
manent modification— 
‘‘(AA) increased; 
‘‘(BB) 
remained 
the 
same; 
‘‘(CC) decreased less 
than 10 percent; 
‘‘(DD) decreased be-
tween 10 and 20 percent; or 
‘‘(EE) 
decreased 
percent or more. 
‘‘(D) FORBEARANCE DATA.—Each monthly 
report required under subparagraph (A) shall 
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include, with respect to each loan for which a 
forbearance has been reported under subpara-
graph (C)(i), forbearance-specific data, includ-
ing— 
‘‘(i) the total months of total forbear-
ance granted to date; and 
‘‘(ii) the number of renewals of for-
bearance to date. 
‘‘(E) PUBLIC
AVAILABILITY
OF
AGGRE-
GATE DATA.— 
‘‘(i) IN GENERAL.—Using data sub-
mitted by servicers under this paragraph, 
the Director of the Bureau of Consumer 
Financial Protection shall make available 
aggregate data by servicer for each State, 
Metropolitan Statistical Area, and Metro-
politan Division, as defined by the Office 
of Management and Budget. Such aggre-
gate data shall be provided monthly by the 
Director to Congress and posted on the 
Bureau of Consumer Financial Protec-
tion’s website. 
‘‘(ii) EXCEPTION FOR CERTAIN PER-
SONALLY IDENTIFIABLE DATA.—If aggre-
gate data described under clause (i) is 
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nonetheless reasonably personally identifi-
able, the Director may report the aggre-
gate data by servicer on the next larger ge-
ographic unit (such that, for example, data 
would not be reported by Municipal Divi-
sion but only by Metropolitan Statistical 
Area and State). 
‘‘(F) IMPLEMENTATION.—The Director of 
the Bureau of Consumer Financial Protection 
shall, within 60 days of the date of enactment 
of this paragraph, and in consultation with the 
Director of the Federal Housing Finance Agen-
cy and the Comptroller of the Currency, pre-
scribe the format and method of submission of 
the data required under this paragraph. The 
Director of the Bureau may prescribe rules for 
the collection of the data in order to ensure ac-
curacy, transparency, and complete data collec-
tion, including the collection and reporting of 
additional data elements, but may not require 
reporting of fewer data elements than pre-
scribed by this paragraph nor less frequent re-
porting than required by this paragraph. 
‘‘(G) DEFINITIONS.—In this paragraph: 
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‘‘(i) COVID–19 
EMERGENCY.—The 
term ‘COVID–19 emergency’ means the 
national emergency concerning the novel 
coronavirus disease (COVID–19) outbreak 
declared by the President on March 13, 
2020, under the National Emergencies Act 
(50 U.S.C. 1601 et seq.). 
‘‘(ii) 
RESIDENTIAL
MORTGAGE 
LOAN.—The term ‘residential mortgage 
loan’ has the meaning given that term 
under section 103(dd) of the Truth in 
Lending Act (15 U.S.C. 1602(dd)). 
‘‘(iii) SERVICER.—The term ‘servicer’ 
has the meaning given in section 6(i) of 
the Real Estate Settlement Procedures Act 
of 1974 (12 U.S.C. 2605(i)).’’. 
Æ 
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