Emergency Home Ownership and Mortgage Equity Protection Act of 2007
Latest action · Dec 12, 2007 Ordered to be Reported (Amended) by the Yeas and Nays: 17 - 15.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 20, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Emergency Home Ownership and Mortgage Equity Protection Act of 2007 - Amends federal bankruptcy law governing a chapter 13 debtor (adjustment of debts of an individual with regular income) to prohibit the holder of a claim in bankruptcy which is secured by debtor's principal residence from adding fees, costs, or charges while the case is pending, unless such claimholder gives timely notice to both debtor and the bankruptcy trustee.
Revises requirements for the discretionary features of a chapter 13 debtor's plan. Removes the prohibition against modification of the rights of a holder of a claim secured only by an interest in real property that is the debtor's principal residence. (Thus allows a plan to modify such rights.)
Authorizes a chapter 13 bankruptcy plan to provide for payment of allowed claims secured by the debtor's principal residence over a period that exceeds a specified time frame.
Eliminates the pre-petition credit counseling requirement for a chapter 13 debtor facing foreclosure if the debtor submits a certification to the court that the holder of a claim secured by the debtor's principal residence has initiated foreclosure on that residence.
Adds to conditions for court confirmation of a plan in bankruptcy that the holder of an allowed claim secured by the debtor's principal residence shall retain the lien securing such claim until the claim is paid.
Excludes from final discharge of a debtor from all debts any allowed claim secured by the debtor's principal residence before such claim is paid.
Cosponsors 88
Members who signed on, in the order they did. Signatures ran from Sep 20, 2007 to Nov 20, 2008, with 4 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Barney Frank | Original | Sep 20, 2007 |
| D-NY | Carolyn B. Maloney | Original | Sep 20, 2007 |
| D-CA | Linda T. Sánchez | Original | Sep 20, 2007 |
| D-NC | Melvin L. Watt | Original | Sep 20, 2007 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Sep 25, 2007 | |
| D-NY | Jerrold Nadler | Sep 25, 2007 | |
| D-MN | Keith Ellison | Sep 25, 2007 | |
| D-TN | Steve Cohen | Sep 25, 2007 | |
| D-AL | Artur Davis | Sep 26, 2007 | |
| D-MA | Bill Delahunt | Sep 26, 2007 | |
| D-CA | George Miller | Sep 27, 2007 | |
| D-CA | Loretta Sanchez | Sep 27, 2007 | |
| D-IL | Luis V. Gutierrez | Sep 27, 2007 | |
| D-CA | Zoe Lofgren | Oct 4, 2007 | |
| D-TX | Al Green | Oct 10, 2007 |
Actions 7
Everything that happened, newest first.
- Dec 12, 2007Committee Consideration and Mark-up Session Held.
- Dec 12, 2007Ordered to be Reported (Amended) by the Yeas and Nays: 17 - 15.
- Oct 4, 2007Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 5 - 4 .
- Oct 4, 2007Subcommittee Consideration and Mark-up Session Held.
- Oct 3, 2007Referred to the Subcommittee on Commercial and Administrative Law.
Subjects
Assigned by the Library of Congress. Policy area: Law.
Text 1
Each version as it was printed, newest first.
- Sep 20, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.