HR 6835
To require residential mortgage servicers receiving certain emergency relief under the CARES Act to provide reports on loan-level data, and for other purposes.
Take action
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill requires mortgage servicers who received financial assistance under the CARES Act to regularly report detailed information about the loans they manage. These reports, submitted monthly, would include data on borrower demographics, property locations, loan terms, and loan performance, including details about forbearance agreements and loss mitigation efforts. The Bureau of Consumer Financial Protection will compile and release this data publicly to promote transparency and accountability in the mortgage industry.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Katie Porter
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.