(b) REQUIREMENTS
OF NOTICE.—The Secretary 
shall issue regulations that include, but are not limited 
to, a uniform notice under this section. Such notice shall 
be in plain language and shall—
(1) inform the mortgagor in large bold type 
that he or she may be eligible for temporary assist-
ance in making mortgage payments; 
(2) include an explanation of the mortgage as-
sistance program under this Act; 
(3) inform the mortgagor that to apply for 
mortgage assistance, he or she shall attend a meet-
ing in accordance with section 4(a) within 30 days 
of the date of the notice; 
(4) include the legal action intended and the 
basis therefore; 
(5) include a list of approved counseling agen-
cies located in the State in which the mortgagor re-
sides; 
(6) be sent via first class mail to the last known 
address of the mortgagor; and 
(7) be subject to such other requirements as 
prescribed by the Secretary. 
SEC. 4. APPLICATION FOR ASSISTANCE. 
(a) MEETING.—
(1) IN
GENERAL.—To apply for assistance 
under this Act, not later than 30 days after receiv-
ing notice in accordance with section 3(b), a mort-
gagor shall attend a face to face meeting with the 
mortgagee or an approved counseling agency to at-
tempt to prevent legal action for which the notice 
was sent by restructuring the mortgage payment 
schedule. A meeting under this paragraph may be 
conducted over the telephone under circumstances 
prescribed by the Secretary. 
(2) NOTICE.—If the mortgagor meets with the 
approved counseling agency within the period speci-
fied in paragraph (1), the approved counseling agen-
cy shall send notice of the meeting which includes, 
but is not limited to, the date of the meeting, to the 
mortgagee not later than 5 business days after the 
meeting. 
(b) PREPARATION; SUBMISSION.—
(1) IN GENERAL.—If the mortgagor is not able 
to resolve the default and prevent foreclosure before 
the expiration of the 30-day period beginning on the 
date of the meeting, the mortgagor may file an ap-
plication for mortgage assistance under this Act. At 
the request of the mortgagor, an approved coun-
seling agency shall—
(A) assist the mortgagor in preparing an 
application for assistance under this Act; and 
(B) not later than 30 days after the mort-
gagor initially requests assistance in the prepa-
ration of the application, submit the completed 
application to the Secretary. 
(2) FEES.—The Secretary may pay approved 
counseling agencies a fee, in an amount determined 
by the Secretary, for rendering assistance pursuant 
to this Act. 
(c) NOTICE TO MORTGAGEE.—If the approved coun-
seling agency submits an application for assistance to the 
Secretary on behalf of a mortgagor, the approved coun-
seling agency shall, not later than 5 business days after 
submitting the application, inform the mortgagee of the 
date that the application was submitted. 
(d) FORM; CONTENTS.—An application for assistance 
under this Act shall be submitted on a form prescribed 
by the Secretary and shall include a financial statement 
disclosing all assets and liabilities of the mortgagor, 
whether singly or jointly held, and all household income 
regardless of source. 
(e) EFFECT OF MISREPRESENTATION.—A mortgagor 
who intentionally misrepresents any financial information 
in connection with the filing of an application for assist-
ance under this Act may be denied assistance and required 
to immediately repay any amount of assistance received, 
and the mortgagee may, at any time thereafter, take any 
legal action to enforce the mortgage without any further 
restrictions or requirements under this Act. 
(f) AVAILABILITY.—An application for assistance 
under this Act may be obtained from an approved coun-
seling agency. 
(g) DETERMINATION ON APPLICATION.—
(1) TIME PERIOD.—The Secretary shall deter-
mine eligibility of a mortgagor for assistance under 
this Act not later than 60 days after receipt of the 
application of the mortgagor. 
(2) NOTIFICATION.—Not later than 5 business 
days after making the determination on an applica-
tion for assistance, the Secretary shall notify the 
mortgagor and the mortgagee as to whether the ap-
plication has been approved or disapproved. 
SEC. 5. ASSISTANCE PAYMENTS BY SECRETARY. 
(a) AMOUNT TO BRING MORTGAGE CURRENT.—If 
the Secretary determines that a mortgagor is eligible for 
assistance under this Act, the Secretary shall pay to the 
mortgagee from the Mutual Mortgage Insurance Fund the 
full amount due to the mortgagee pursuant to the terms 
of the mortgage without regard to any acceleration under