An amendment numbered 4 printed in House Report 111-21 to require a servicer that receives an incentive payment under the Hope for Homeowners program to notify all mortgagors under mortgages they service who are "at-risk homeowners", that they may be eligible for the HOPE for Homeowners Program and how to obtain information regarding the program.
What it does: 2 changes: replaces text, inserts textDescription
Page 34, strike line 13, and insert the following: "(x) Payment to Existing Loan Servicers-***.
What it changes
2 changes to H.R. 1106
Change 1: Rewrites page 34, line 13
ReplacesPrinted pageRemoves page 34, line 13 of the printed bill. See that page
Inserted: (x) Payment to Existing Loan Servicers.--
Inserted: (1) Payment.--The
Original wording
Page 34, strike line 13, and insert the following:
Change 2: Inserts new text on page 34, line 17
InsertsPrinted pageInserted: (2) Notification requirement.--The Secretary shall require each servicer that receives a payment under this paragraph to notify all mortgagors under mortgages serviced by such servicer who are at-risk homeowners (as such term is defined by the Secretary), in a form and manner as shall be prescribed by the Secretary, that they may be eligible for the HOPE for Homeowners Program under this section and how to obtain information regarding the program.
Original wording
Page 34, after line 17, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 34, strike line 13, and insert the following:
“(x) Payment to Existing Loan Servicers.--
“(1) Payment.--The”.
Page 34, after line 17, insert the following:
“(2) Notification requirement.--The Secretary shall require each servicer that receives a payment under this paragraph to notify all mortgagors under mortgages serviced by such servicer who are at-risk homeowners (as such term is defined by the Secretary), in a form and manner as shall be prescribed by the Secretary, that they may be eligible for the HOPE for Homeowners Program under this section and how to obtain information regarding the program.”.
Legislative Activity
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House amendment offered
March 5, 2009
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House amendment offered
March 5, 2009
House amendment offered/reported by : Amendment (A004) offered by Ms. Titus.(consideration: CR H3017-3018; text: CR H3017)
March 5, 2009 • 1:21 PM
Amendment (A004) offered by Ms. Titus. (consideration: CR H3017-3018; text: CR H3017)
March 5, 2009 • 1:21 PM
By unanimous consent, the Titus amendment was withdrawn. (consideration: CR H3018)
March 5, 2009 • 1:33 PM