A bill to provide mortgage payment assistance for employees who are separated from employment.
Homestead Preservation Act - Directs the Secretary of Labor to establish a program of low-interest loan (residential) mortgage assistance to eligible persons who are separated from their employment.
Limits assistance to 12 months, and requires repayment within five years.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S11249-11250)
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11250)
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