S.Amdt. 1336
What it does: Adds SEC. 653. SERVICEMEMBERS RIGHTS UNDER THE HOUSING AND URBAN DEVELOPMENT ACT OF 1968 at the end of subtitle E of title VI
Sen. Evan Bayh (D-IN)What it changes
1 change to S. 1042 · shown in the bill's text
Adds SEC. 653. SERVICEMEMBERS RIGHTS UNDER THE HOUSING AND URBAN DEVELOPMENT ACT OF 1968 at the end of subtitle E of title VI
Adds a sectionIn S. 1042 · Placed on Calendar Senate
(ii) would assist such members in establishing habits of financial responsibility during their initial enlistments in the Armed Forces.
Inserted: SEC. 653. SERVICEMEMBERS RIGHTS UNDER THE HOUSING AND URBAN DEVELOPMENT ACT OF 1968.
Inserted: (a) In General.--Section 106(c)(5)(A)(ii) of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x(c)(5)(A)(ii)) is amended--
Inserted: (1) in subclause (II), by striking "; and" and inserting a semicolon;
Inserted: (2) in subclause (III), by striking the period and inserting "; and"; and
Inserted: (3) by adding at the end the following:
Inserted: "(IV) notify the homeowner or mortgage applicant by a statement or notice, written in plain English by the Secretary of Housing and Urban Development, in consultation with the Secretary of Defense and the Secretary of the Treasury, explaining the mortgage and foreclosure rights of servicemembers, and the dependents of such servicemembers, under the Servicemembers Civil Relief Act (50 U.S.C. App. 501 et seq.), including the toll-free military one source number to call if servicemembers, or the dependents of such servicemembers, require further assistance.".
Inserted: (b) No Preemption.--Nothing in this section shall preempt or relieve a mortgagor or creditor of a loan of any obligation such mortgagor or creditor has under the Servicemembers Civil Relief Act (50 U.S.C. App. 501 et seq.).
Inserted: (c) Disclosure Form.--Not later than 150 days after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue a final disclosure form to fulfill the requirement of section 106(c)(5)(A)(ii)(IV) of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x(c)(5)(A)(ii)).
Inserted: (d) Effective Date.--The amendments made under subsection (a) shall take effect 150 days after the date of enactment of this Act.
Original wording
At the end of subtitle E of title VI, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1336. Mr. BAYH submitted an amendment to be proposed by him to the bill S. 1042, to authorize appropriations for fiscal year 2006 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe personnel strengths for such fiscal year for the Armed Forces, and for other purposes; which was ordered to lie on the table; as follows:
At the end of subtitle E of title VI, add the following:
SEC. 653. SERVICEMEMBERS RIGHTS UNDER THE HOUSING AND URBAN DEVELOPMENT ACT OF 1968.
(a) In General.--Section 106(c)(5)(A)(ii) of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x(c)(5)(A)(ii)) is amended--
(1) in subclause (II), by striking “; and” and inserting a semicolon;
(2) in subclause (III), by striking the period and inserting “; and”; and
(3) by adding at the end the following:
“(IV) notify the homeowner or mortgage applicant by a statement or notice, written in plain English by the Secretary of Housing and Urban Development, in consultation with the Secretary of Defense and the Secretary of the Treasury, explaining the mortgage and foreclosure rights of servicemembers, and the dependents of such servicemembers, under the Servicemembers Civil Relief Act (50 U.S.C. App. 501 et seq.), including the toll-free military one source number to call if servicemembers, or the dependents of such servicemembers, require further assistance.”.
(b) No Preemption.--Nothing in this section shall preempt or relieve a mortgagor or creditor of a loan of any obligation such mortgagor or creditor has under the Servicemembers Civil Relief Act (50 U.S.C. App. 501 et seq.).
(c) Disclosure Form.--Not later than 150 days after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue a final disclosure form to fulfill the requirement of section 106(c)(5)(A)(ii)(IV) of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x(c)(5)(A)(ii)).
(d) Effective Date.--The amendments made under subsection (a) shall take effect 150 days after the date of enactment of this Act.
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Senate amendment submitted
July 20, 2005