Protecting Veterans' Homes Act

Protecting Veterans' Homes Act - Amends the Servicemembers Civil Relief Act to extend from 9 to 12 months after military service the period of protection against mortgage sale or foreclosure, as well as the stay of proceedings, in the case of an obligation on real property of a servicemember that originated before the period of military service.

Amends the Housing and Economic Recovery Act of 2008 to repeal the sunset date for such periods of relief.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1911 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1911

To amend the Servicemembers Civil Relief Act to permanently extend the 
period of protections for servicemembers against mortgage foreclosures, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 13, 2011

Mr. Braley of Iowa introduced the following bill; which was referred to 
                   the Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Servicemembers Civil Relief Act to permanently extend the 
period of protections for servicemembers against mortgage foreclosures, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Veterans' Homes Act''.

SEC. 2. PERMANENT EXTENSION OF PERIOD OF PROTECTIONS FOR SERVICEMEMBERS 
              AGAINST MORTGAGE FORECLOSURES.

    (a) Extended Period of Protections.--
            (1) Stay of proceedings and period of adjustment of 
        obligations relating to real or personal property.--Section 
        303(b) of the Servicemembers Civil Relief Act (50 U.S.C. App. 
        533(b)) is amended by striking ``within 9 months'' and 
        inserting ``within 12 months''.
            (2) Period of relief from sale, foreclosure, or seizure.--
        Section 303(c) of such Act (50 U.S.C. App. 533(c)) is amended 
        by striking ``within 9 months'' and inserting ``within 12 
        months''.
    (b) Repeal of Sunset.--Subsection (c) of section 2203 of the 
Housing and Economic Recovery Act of 2008 (Public Law 110-289; 50 
U.S.C. App. 533 note) is amended to read as follows:
    ``(c) Effective Date.--The amendments made by subsection (a) shall 
take effect on the date of the enactment of this Act.''.
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