S.Res. 347 — A resolution expressing the sense of the Senate that lenders holding mortgages on homes in communities of the Gulf Coast devastated by Hurricanes Katrina and Rita should extend current voluntary mortgage payment forbearance periods and not foreclose on properties in those communities.

Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Expresses the sense of the Senate that: (1) Congress should act early in the second session of the 109th Congress to consider legislation to provide relief to homeowners in the Gulf Coast; and (2) commercial banks, mortgage banks, credit unions, and other mortgage lenders should extend mortgage payment forbearance to March 31, 2006, in order to allow Congress the time to consider such legislation.

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Legislative Actions

2005-12-21
Introduced in Senate
2005-12-21
Submitted in the Senate.
2005-12-22
Passed/agreed to in Senate: Resolution agreed to in Senate without amendment and with a preamble by Unanimous Consent.(consideration: CR S14408; text as passed Senate: CR S14408; text of measure as introduced: CR S14337)
2005-12-22
Resolution agreed to in Senate without amendment and with a preamble by Unanimous Consent. (consideration: CR S14408; text as passed Senate: CR S14408; text of measure as introduced: CR S14337)

A resolution expressing the sense of the Senate that lenders holding mortgages on homes in communities of the Gulf Coast devastated by Hurricanes Katrina and Rita should extend current voluntary mortgage payment forbearance periods and not foreclose on properties in those communities.

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