Stability for Service Members Act

Bill: 114-hr-2475
Sponsor: full_name: Rep. Fincher, Stephen Lee [R-TN-8]
Introduced: 2015-05-20
Policy area: Armed Forces and National Security
Subjects: Housing finance and home ownership

Veterans' loans, housing, homeless programs
Latest action: action_date: 2015-06-05
text: Referred to the Subcommittee on Economic Opportunity.

Summaries:
action_date: 2015-05-20
action_desc: Introduced in House
text: <p><strong>Stability for Service Members Act</strong></p> <p>Amends the Honoring America's Veterans and Caring for Camp Lejeune Families Act of 2012 to extend through calendar year 2016 the one-year period after a service member's military service during which: (1) a court may stay proceedings to enforce an obligation on real or personal property owned by the service member before such military service; and (2) any sale, foreclosure, or seizure of such property shall be invalid without a court order or waiver agreement signed by the service member. (Currently, the extended one-year period is scheduled to expire on December 31, 2015, and return to a nine-month period under the Servicemembers Civil Relief Act.)</a></p> <p>Revives, effective January 1, 2017 (currently, January 1, 2016), the old nine-month period in place of the one-year period granted by such Act.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2475 IN THE HOUSE OF REPRESENTATIVES May 20, 2015 Mr. Fincher (for himself and Mr. Heck of Washington ) introduced the following bill; which was referred to the Committee on Veterans’ Affairs A BILL To provide for a one-year extension of the extended period of protections for members of uniformed services relating to mortgages, mortgage foreclosure, and eviction under the Servicemembers Civil Relief Act.

1. Short title This Act may be cited as the Stability for Service Members Act . 2. One-year extension of extended period of protections for members of uniformed services relating to mortgages, mortgage foreclosure, and eviction under Servicemembers Civil Relief Act Section 710(d) of the Honoring America’s Veterans and Caring for Camp Lejeune Families Act of 2012 ( Public Law 112–154 ; 126 Stat. 1208; 50 U.S.C. App. 533 note) is amended— (1) in paragraph (1), by striking December 31, 2015 and inserting December 31, 2016 ; and (2) in paragraph (3), by striking January 1, 2016 and inserting January 1, 2017 .