legislation: 109-hconres-257
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| 109-hconres-257 | 109 | hconres | 257 | Expressing the sense of the Congress with regard to a moratorium on the payment of principal or interest on certain mortgage loans, small business loans, and consumer loans for residents of a Federal disaster area. | Finance and Financial Sector | 2005-09-29 | 2006-01-04 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Renzi, Rick [R-AZ-1] | AZ | R | R000574 | 1 | Expresses the sense of Congress that: (1) a voluntary moratorium on mortgage, small business, and consumer loans should be recognized by creditors for a 90-day period beginning on August 28, 2005, with respect to borrowers who resided in, or whose businesses were within, an area in which the President determined that a major disaster exists; (2) creditors should take into account the effect of this dislocation and provide flexibility to affected consumers when considering applications for new loans and credit accounts; (3) federal financial institution regulatory agencies should provide written guidance for financial institutions in implementing such a moratorium; and (4) creditors should refrain from negative reporting with respect to any such loans during this period. | 2023-01-13T04:50:17Z |