H.R. 1911 – Reading Mode

112th CONGRESS

1st Session

H. R. 1911

IN THE HOUSE OF REPRESENTATIVES

May 13, 2011

Mr. Braley of Iowa introduced the following bill; which was referred to the Committee on Veterans’ Affairs

A BILL

To amend the Servicemembers Civil Relief Act to permanently extend the period of protections for servicemembers against mortgage foreclosures, and for other purposes.

Short title

This Act may be cited as the Protecting Veterans’ Homes Act.

Permanent extension of period of protections for servicemembers against mortgage foreclosures

(a)

Extended period of protections

(1)

Stay of proceedings and period of adjustment of obligations relating to real or personal property

Section 303(b) of the Servicemembers Civil Relief Act (50 U.S.C. App. 533(b)) is amended by striking within 9 months and inserting within 12 months.

(2)

Period of relief from sale, foreclosure, or seizure

Section 303(c) of such Act (50 U.S.C. App. 533(c)) is amended by striking within 9 months and inserting within 12 months.

(b)

Repeal of sunset

Subsection (c) of section 2203 of the Housing and Economic Recovery Act of 2008 (Public Law 110–289; 50 U.S.C. App. 533 note) is amended to read as follows:

(c)

Effective date

The amendments made by subsection (a) shall take effect on the date of the enactment of this Act.