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15 U.S.C. § 9056 — Foreclosure moratorium and consumer right to request forbearance
Federal law — U.S. Code and appendices · legal_authorities
**(a) Definitions** In this section:
(1) **COVID–19 emergency** — The term “COVID–19 emergency” means the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ([50 U.S.C. 1601](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1601&num=0&edition=prelim) et seq.).
(2) **Federally backed mortgage loan** — The term “Federally backed mortgage loan” includes any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1- to 4- families that is—
(A) insured by the Federal Housing Administration under title II of the National Housing Act ([12 U.S.C. 1707](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1707&num=0&edition=prelim) et seq.);
(B) insured under section 255 of the National Housing Act ([12 U.S.C. 1715z–20](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715z–20&num=0&edition=prelim));
(C) guaranteed under section 1715z–13a or 1715z–13b of title 12;
(D) guaranteed or insured by the Department of Veterans Affairs;
(E) guaranteed or insured by the Department of Agriculture;
(F) made by the Department of Agriculture; or
(G) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.
**(b) Forbearance**
(1) **In general** — During the covered period, a borrower with a Federally backed mortgage loan experiencing a financial hardship due, directly or indirectly, to the COVID–19 emergency may request forbearance on the Federally backed mortgage loan, regardless of delinquency
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Source location: Title 15, Chapter 116, § 9056; chapter-116-coronavirus-economic-stabilization-cares-act.md
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**(a) Definitions** In this section:
(1) **COVID–19 emergency** — The term “COVID–19 emergency” means the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020 under the National Emergencies Act ([50 U.S.C. 1601](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section1601&num=0&edition=prelim) et seq.).
(2) **Federally backed mortgage loan** — The term “Federally backed mortgage loan” includes any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1- to 4- families that is—
(A) insured by the Federal Housing Administration under title II of the National Housing Act ([12 U.S.C. 1707](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1707&num=0&edition=prelim) et seq.);
(B) insured under section 255 of the National Housing Act ([12 U.S.C. 1715z–20](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715z–20&num=0&edition=prelim));
(C) guaranteed under section 1715z–13a or 1715z–13b of title 12;
(D) guaranteed or insured by the Department of Veterans Affairs;
(E) guaranteed or insured by the Department of Agriculture;
(F) made by the Department of Agriculture; or
(G) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.
**(b) Forbearance**
(1) **In general** — During the covered period, a borrower with a Federally backed mortgage loan experiencing a financial hardship due, directly or indirectly, to the COVID–19 emergency may request forbearance on the Federally backed mortgage loan, regardless of delinquency status, by—
(A) submitting a request to the borrower’s servicer; and
(B) affirming that the borrower is experiencing a financial hardship during the COVID–19 emergency.
(2) **Duration of forbearance** — Upon a request by a borrower for forbearance under paragraph (1), such forbearance shall be granted for up to 180 days, and shall be extended for an additional period of up to 180 days at the request of the borrower, provided that, at the borrower’s request, either the initial or extended period of forbearance may be shortened.
(3) **Accrual of interest or fees** — During a period of forbearance described in this subsection, no fees, penalties, or interest beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the mortgage contract, shall accrue on the borrower’s account.
**(c) Requirements for servicers**
(1) **In general** — Upon receiving a request for forbearance from a borrower under subsection (b), the servicer shall with no additional documentation required other than the borrower’s attestation to a financial hardship caused by the COVID–19 emergency and with no fees, penalties, or interest (beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the mortgage contract) charged to the borrower in connection with the forbearance, provide the forbearance for up to 180 days, which may be extended for an additional period of up to 180 days at the request of the borrower, provided that, the borrower’s request for an extension is made during the covered period, and, at the borrower’s request, either the initial or extended period of forbearance may be shortened.
(2) **Foreclosure moratorium** — Except with respect to a vacant or abandoned property, a servicer of a Federally backed mortgage loan may not initiate any judicial or non-judicial foreclosure process, move for a foreclosure judgment or order of sale, or execute a foreclosure-related eviction or foreclosure sale for not less than the 60-day period beginning on March 18, 2020.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** All powers and authorities possessed by the President, any other officer or employee of the Federal Government, or any executive agency, as defined in [section 105 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section105&num=0&edition=prelim), as a result of the existence of any declaration of national emergency in effect on September 14, 1976, are terminated two years from September 14, 1976. Such termination shall not affect—
(1) any action taken or proceeding pending not finally concluded or determined on such date;
(2) any action or proceeding based on any act committed prior to such date; or
(3) any rights or duties that matured or penalties that were incurred prior to such date.
**(b)** For the purpose of this section, the words “any national emergency in effect” means a general declaration of emergency made by the President.
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 1601
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Federal law — U.S. Code and appendices · legal_authorities
As used in [section 1709 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1709&num=0&edition=prelim)—
**(a)** The term “mortgage” means (A) a first mortgage on real estate, in fee simple, (B) a first mortgage on a leasehold on real estate (i) under a lease for not less than ninety-nine years which is renewable, or (ii) under a lease having a period of not less than ten years to run beyond the maturity date of the mortgage, or (C) a first mortgage given to secure the unpaid purchase price of a fee interest in, or long-term leasehold interest in, real estate consisting of a one-family unit in a multifamily project, including a project in which the dwelling units are attached, or are manufactured housing units, semi-detached, or detached, and an undivided interest in the common areas and facilities which serve the project; and the term “first mortgage” means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State, in which the real estate is located, together with the credit instruments, if any, secured thereby.
**(b)** The term “mortgagee” includes the original lender under a mortgage, and his successors and assigns approved by the Secretary; and the term “mortgagor” includes the original borrower under a mortgage and his successors and assigns.
**(c)** The term “maturity date” means the date on which the mortgage indebtedness would be extinguished if paid in accordance with periodic payments provided for in the mortgage.
**(d)** The term “State” includes the several States, and Puerto Rico, the District of Columbia, Guam, the Commonwealth of the Northern Mariana Islands, American Samoa, and the Virgin Islands.
**(e)** The term “family
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1715z–20
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section, which placed restrictions on loans, was from the Independent Offices Appropriation Act, 1953, act July 5, 1952, ch. 578, title III, § 301, 66 Stat. 415, and was not repeated in subsequent appropriation acts.
#### Similar Provisions
Similar provisions were contained in Aug. 31, 1951, ch. 376, title IV, § 401, 65 Stat. 287.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1707
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary of Housing and Urban Development shall collect and maintain information regarding early defaults on mortgages as provided under this section. The Secretary shall make such information available for public inspection upon request. Information shall be collected quarterly with respect to each applicable collection period (as such term is defined in subsection (c)) and shall be available for inspection not more than 30 days after the conclusion of the calendar quarter relating to each such period. Information shall first be made available under this section for the applicable collection period relating to the first calendar quarter ending more than 180 days after November 28, 1990.
**(b) Contents**
(1) **Mortgage lender analysis** — Information collected under this section shall include, for each lender originating mortgages during the applicable collection period that are insured pursuant to [section 1709 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1709&num=0&edition=prelim) and secured by property in a designated census tract, the following information with respect to such mortgages:
(A) The name of the lender and the number of each designated census tract in which the lender originated 1 or more such mortgages during the applicable collection period.
(B) The total number of such mortgages originated by such lender during the applicable collection period in each designated census tract and the number of mortgages originated each year in each designated census tract.
(C) The total number of defaults and foreclosures on such mortgages during the applicable collection period in each designated census tract and the number of defaults and foreclosures in each designated census tract in
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** A claim or interest, proof of which is filed under [section 501 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section501&num=0&edition=prelim), is deemed allowed, unless a party in interest, including a creditor of a general partner in a partnership that is a debtor in a case under chapter 7 of this title, objects.
**(b)** Except as provided in subsections (e)(2), (f), (g), (h) and (i) of this section, if such objection to a claim is made, the court, after notice and a hearing, shall determine the amount of such claim in lawful currency of the United States as of the date of the filing of the petition, and shall allow such claim in such amount, except to the extent that—
(1) such claim is unenforceable against the debtor and property of the debtor, under any agreement or applicable law for a reason other than because such claim is contingent or unmatured;
(2) such claim is for unmatured interest;
(3) if such claim is for a tax assessed against property of the estate, such claim exceeds the value of the interest of the estate in such property;
(4) if such claim is for services of an insider or attorney of the debtor, such claim exceeds the reasonable value of such services;
(5) such claim is for a debt that is unmatured on the date of the filing of the petition and that is excepted from discharge under [section 523(a)(5) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section523/a/5&num=0&edition=prelim);
(6) if such claim is the claim of a lessor for damages resulting from the termination of a lease of real property, such claim exceeds—
(A) the rent reserved by such lease, without acceleration, for the greater of one year, or 15 percent, not to exceed three years, of the remainin
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 502
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Except as provided in the Perishable Agricultural Commodities Act, 1930, the Packers and Stockyards Act, 1921, and section 1 of the Act entitled “An Act making appropriations for the Department of Agriculture for the fiscal year ending June 30, 1944, and for other purposes,” approved July 12, 1943, a governmental unit may not deny, revoke, suspend, or refuse to renew a license, permit, charter, franchise, or other similar grant to, condition such a grant to, discriminate with respect to such a grant against, deny employment to, terminate the employment of, or discriminate with respect to employment against, a person that is or has been a debtor under this title or a bankrupt or a debtor under the Bankruptcy Act, or another person with whom such bankrupt or debtor has been associated, solely because such bankrupt or debtor is or has been a debtor under this title or a bankrupt or debtor under the Bankruptcy Act, has been insolvent before the commencement of the case under this title, or during the case but before the debtor is granted or denied a discharge, or has not paid a debt that is dischargeable in the case under this title or that was discharged under the Bankruptcy Act.
**(b)** No private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title, a debtor or bankrupt under the Bankruptcy Act, or an individual associated with such debtor or bankrupt, solely because such debtor or bankrupt—
(1) is or has been a debtor under this title or a debtor or bankrupt under the Bankruptcy Act;
(2) has been insolvent before the commencement of a case under this title or during the case but before the grant or denial of a discharge; or
(3) has not paid a debt that is disc
Source: Supplied U.S. Code snapshot — release unconfirmed · 11 U.S.C. § 525
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Federal law — U.S. Code and appendices · legal_authorities
Page 532
TITLE 12—BANKS AND BANKING
§ 1706f
new grants or loans to be made after Oct. 1, 1991, under
this section, see section 12839(a)(5), (b)(1) of Title 42,
The Public Health and Welfare.
§ 1706f. Prohibition against kickbacks and un-
earned fees
(a) In general
Except as provided in subsection (b), the provi-
sions of sections 2602, 2607, 2614, 2615, 2616, and
2617 of this title shall apply to each sale of a
manufactured home financed with an FHA-in-
sured loan or extension of credit, as well as to
services rendered in connection with such trans-
actions.
(b) Authority of the Secretary
The Secretary is authorized to determine the
manner and extent to which the provisions of
sections 2602, 2607, 2614, 2615, 2616, and 2617 of
this title may reasonably be applied to the
transactions described in subsection (a), and to
grant such exemptions as may be necessary to
achieve the purposes of this section.
(c) Definitions
For purposes of this section—
(1) the term ‘‘federally related mortgage
loan’’ as used in sections 2602, 2607, 2614, 2615,
2616, and 2617 of this title shall include an
FHA-insured loan or extension of credit made
to a borrower for the purpose of purchasing a
manufactured home that the borrower intends
to occupy as a personal residence; and
(2) the term ‘‘real estate settlement service’’
as used in sections 2602, 2607, 2614, 2615, 2616,
and 2617 of this title shall include any service
rendered in connection with a loan or exten-
sion of credit insured by the Federal Housing
Administration for the purchase of a manufac-
tured home.
(d) Unfair and deceptive practices
In connection with the purchase of a manufac-
tured home financed with a loan or extension of
credit insured by the Federal Housing Adminis-
tration under this subc
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1707
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Grants for arrest of incipient abandonment and revitalization of blighted areas** In carrying out activities under [section 1701z–1 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z-1&num=0&edition=prelim), the Secretary may undertake programs to demonstrate the most feasible means of providing assistance to localities in which a substantial number of structures are abandoned or are threatened with abandonment for the purpose of arresting the process of housing abandonment in its incipiency or in restoring viability to blighted areas in which abandonment is pervasive. For this purpose, the Secretary is authorized to make grants, subject to the limitations of this section, to assist local public bodies in planning and implementing demonstration projects for prompt and effective action in alleviating and preventing such abandonment in designated demonstration areas.
**(b) Preferred projects; scope of projects** In administering this section, the Secretary shall give preference to those demonstration projects which in his judgment can reasonably be expected to arrest the process of abandonment in the demonstration area within a period of two years and which provide for innovative approaches to combating the problem of housing abandonment. Such projects may include, but shall not be limited to (1) acquisition by negotiated purchase, lease, receivership, tax lien proceedings, or other means authorized by law and satisfactory to the Secretary, of real property within the demonstration area or areas which is abandoned, deteriorated, or in violation of applicable code standards; (2) the repair of streets, sidewalks, parks, playgrounds, publicly owned utilities, public buildings to meet needs consistent with the revitalizatio
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1715z
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Federal law — U.S. Code and appendices · legal_authorities
Page 655
TITLE 12—BANKS AND BANKING
§ 1715z
1 See References in Text note below.
ment of insurance premiums, considering effect of said
amendment, is actuarially sound, see section 201(g) of
Pub. L. 97–253, set out as a note under section 1709 of
this title.
§ 1715z. Homeownership or membership in coop-
erative association for lower income families
(a) Authorization for periodic assistance pay-
ments to mortgagees; assistance to manufac-
tured home buyers
(1) For the purpose of assisting lower income
families in acquiring homeownership or in ac-
quiring membership in a cooperative association
operating a housing project, the Secretary is au-
thorized to make, and to contract to make, peri-
odic assistance payments on behalf of such
homeowners and cooperative members. The as-
sistance shall be accomplished through pay-
ments to mortgagees holding mortgages meet-
ing the special requirements specified in this
section or which mortgages are assisted under a
State or local program providing assistance
through loans, loan insurance or tax abatement.
In making such assistance available, the Sec-
retary shall give preference to low-income fami-
lies who, without such assistance, would be like-
ly to be involuntarily displaced (including those
who would be likely to be displaced from rental
units which are to be converted into a condo-
minium project or a cooperative project). Such
assistance may include the acquisition of a con-
dominium or a membership in a cooperative as-
sociation.
(2)(A) Notwithstanding any other provision of
this section, the Secretary is authorized to
make periodic assistance payments under this
section on behalf of families whose incomes do
not exceed the maximum income limits pre-
scribed pursuant to subsection (h)(2) of this sec
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1715z
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 1715z. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 2530
TITLE 15—COMMERCE AND TRADE
§ 9056
(2) Contracting
The Oversight Commission may, to such ex-
tent and in such amounts as are provided in
appropriation Acts, enter into contracts to en-
able the Oversight Commission to discharge
its duties under this section.
(3) Powers of members and agents
Any member or agent of the Oversight Com-
mission may, if authorized by the Oversight
Commission, take any action which the Over-
sight Commission is authorized to take by this
section.
(4) Obtaining official data
The Oversight Commission may secure di-
rectly from any department or agency of the
United States information necessary to enable
it to carry out this section. Upon request of
the Chairperson of the Oversight Commission,
the head of that department or agency shall
furnish that information to the Oversight
Commission.
(5) Reports
The Oversight Commission shall receive and
consider all reports required to be submitted
to the Oversight Commission under this part.
(f) Termination
The Oversight Commission shall terminate on
June 30, 2023.
(g) Funding for expenses
(1) Authorization of appropriations
There is authorized to be appropriated to the
Oversight Commission such sums as may be
necessary for any fiscal year, half of which
shall be derived from the applicable account of
the House of Representatives, and half of
which shall be derived from the contingent
fund of the Senate.
(2) Reimbursement of amounts
An amount equal to the expenses of the
Oversight
Commission
shall
be
promptly
transferred by the Secretary and the Board of
Governors of the Federal Reserve System,
from time to time upon the presentment of a
statement of such expenses by the Chairperson
of the Oversight Commission, from funds made
available to the Secretar
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 9056
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