HOMES Act of 2017

Bill: 115-hr-2616
Sponsor: full_name: Rep. Schrader, Kurt [D-OR-5]
Introduced: 2017-05-23
Policy area: Armed Forces and National Security
Subjects: Civil actions and liability

Consumer credit

Housing finance and home ownership

Military personnel and dependents
Latest action: action_date: 2017-05-23
text: Referred to the Subcommittee on Economic Opportunity.

Summaries:
action_date: 2017-05-23
action_desc: Introduced in House
text: <p><b>Halting Of Mortgage Exploitation of Servicemembers Act of 2017 or the HOMES Act of 2017</b></p> <p>This bill amends the Servicemembers Civil Relief Act to establish a 10-year statute of limitations for civil actions for violations of such Act brought by the Department of Justice or by a private party.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 2616 IN THE HOUSE OF REPRESENTATIVES May 23, 2017 Mr. Schrader (for himself and Ms. Herrera Beutler ) introduced the following bill; which was referred to the Committee on Veterans' Affairs A BILL To provide for statutes of limitations for certain civil actions under the Servicemembers Civil Relief Act.

1. Short title This Act may be cited as the Halting Of Mortgage Exploitation of Servicemembers Act of 2017 or the HOMES Act of 2017 . 2. Statutes of limitations for civil actions under Servicemembers Civil Relief Act (a) Enforcement by Attorney General Section 801 of the Servicemembers Civil Relief Act ( 50 U.S.C. 4041 ) is amended by adding at the end the following new subsection: (d) Statute of limitations Any action under subsection (a) shall be commenced not later than ten years after the date on which the alleged violation occurs. . (b) Private right of action Section 802 of such Act ( 50 U.S.C. 4042 ) is amended by adding at the end the following new subsection: (c) Statute of limitations Any action commenced under this section shall be barred unless the complaint is filed within ten years after the right of action first accrues. .