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H.R. 554

BillFederalHouseIn Committee
Superstorm Sandy Mortgage Relief Act of 2013
About This Bill
Committee
Latest Action · February 6, 2013
Referred to the House Committee on Financial Services.
Congress
113th (2013–2015)
Introduced
February 6, 2013
Sponsor
Rep. Hakeem JeffriesD
Cosponsors (0)
None
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Summary

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Superstorm Sandy Mortgage Relief Act of 2013 - Directs the Secretary of Housing and Urban Development (HUD) and the Director of the Federal Housing Agency to carry out a program to notify mortgagors under covered mortgages of the availability of forbearance and to offer and provide such relief upon an eligible homeowner's request. Defines "covered mortgage" as one that: (1) is secured by a one- to four-family dwelling that is the mortgagor's principal residence and is located within a major disaster area resulting from Hurricane Sandy; and (2) is insured under the National Housing Act or owned or guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac).

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