H.R.5754 - Preventing Homeowners from Foreclosure Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Cohen, Steve [D-TN-9] (Introduced 07/15/2010)|
|Committees:||House - Financial Services|
|Latest Action:||House - 07/15/2010 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.5754 — 111th Congress (2009-2010)All Information (Except Text)
Introduced in House (07/15/2010)
Preventing Homeowners from Foreclosure Act of 2010 - Directs the Secretary of Housing and Urban Development (HUD) to implement a competitive grants program for states and local governmental entities to establish mediation programs to assist mortgagors under home mortgages facing foreclosure on such mortgages.
Requires the program to provide the mortgagor with a referral and contact information for a paid or pro bono attorney or a HUD-certified housing counselor.
Requires grant recipients to establish an outreach program to raise homeowner awareness of the existence of the foreclosure mediation program, including a telephone hotline, a World Wide Web site, or both.