Friday, March 6, 2009

House of Representatives Passes H.R. 1106

The U.S. House of Representatives today voted to pass H.R. 1106, the "Helping Families Save Their Homes Act of 2009" by a vote of 234 to 191. This bill allows Bankruptcy Judges to modify principal residence mortgages in certain respects under certain circumstances.

A companion bill will next need to be considered and approved by the Senate. Any differences in a Senate approved bill will need to be reconciled between the House and the Senate in a conference committee.
Post a Comment