Like Countable?

Install the App
TRY NOW

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
    IntroducedJune 24th, 2010

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Countable will update some legislation with a revised summary, title or other key elements.

Suggest an update to this bill using our form.

Title

Gulf Coast Homeowners Relief Act of 2010

Official Title

To provide relief to homeowners with mortgages insured by the FHA who are economically affected as a result of the discharge of oil in the Gulf of Mexico caused by the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon, and for other purposes.

Summary

Gulf Coast Homeowners Relief Act of 2010 - Applies through FY2011 certain provisions of Mortgagee Letter 2002-17 of the Secretary of Housing and Urban Development (HUD), relating to Type I Special Forbearance, to mortgagees of specified mortgages insured by the Federal Housing Administration (FHA) whose mortgagors suffered a loss of income or an increase in living expenses as a result of the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon, the ensuing discharge of oil in the Gulf of Mexico, or the effects of such discharge on the economy in affected areas. Directs the Secretary of HUD to develop and submit to the Congress: (1) a list of HUD-administered programs and resources that will be made immediately available to assist homeowners of one- to four-family dwelling, and communities, that have suffered negative economic consequences as a result of such incident or the discharge of oil caused by it; and (2) a long-term plan to assist such homeowners.

    There are currently no opinions on this bill, be the first to add one!