MA H514

Bill

To provide for the Mass Emergency Homeowner Assistance Program

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to mortgage assistance for citizens who are financially unable to make mortgage payments. Financial Services.

AI Summary

This bill establishes the Mass Emergency Homeowner Assistance Program, which provides mortgage assistance payments to eligible Massachusetts residents who are financially unable to make mortgage payments due to circumstances beyond their control. The program is administered by the Massachusetts Housing Finance Agency (MHFA) and includes eligibility requirements such as being a permanent Massachusetts resident, having insufficient household income or net worth to correct the delinquency, and having exhausted unemployment benefits. The bill also prohibits financial institutions from classifying assisted loans as delinquent and requires MHFA to adopt implementation rules and report annually to the legislature on the program's effectiveness.

Committee Categories

Business and Industry

Sponsors (2)

David DeCoste (R), Geoffrey Diehl (R),

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

Official Document

https://malegislature.gov/Bills/190/H514

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H514
Bill	https://malegislature.gov/Bills/190/H514.pdf

Bill	Bill Name	Last Action	Type
H2615	To sustain community preservation revenue	Accompanied a new draft, see H3662	Similar To
H4778	Financial services	Discharged to the committee on House Rules	Replaced by
H569	To prohibit the issuance of mortgages to persons convicted of arson	Accompanied a study order, see H4778	Similar To
H790	To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses	Accompanied a study order, see H4874	Similar To
H944	Providing remedies to consumers for clearing title after payoff of mortgages	Accompanied a study order, see H4874	Similar To
S763	To amend the foreclosure statute to require judicial foreclosure	Accompanied a study order, see S2313	Similar To
S795	To clarify homestead estates	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To

Bill > H514

MA H514

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary