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Federal Eye
Posted at 03:48 PM ET, 05/18/2012

House passes foreclosure protections for vets

The House overwhelmingly passed an amendment Friday that would expand foreclosure protections for service members, their families and disabled veterans.

The legislation was attached to the National Defense Authorization Act, which the House passed Friday.

The amendment extends existing protections in the Servicemembers Civil Relief Act to troops serving in support of contingency operations, surviving spouses of service members whose deaths are service-related, and veterans who are 100 percent disabled at the time of discharge because of service-connected injuries.

“Our troops fighting overseas in Iraq or Afghanistan should not also have to fight here at home just to keep a roof over the heads of their loved ones,” said Rep. Elijah E. Cummings (D-Md.), the ranking member of the House Oversight and Government Reform Committee.

Cummings and Sen. John D. Rockefeller (D-W.Va.) issued a report in 2011 charging that multiple banks had illegally foreclosed on service members and charged excessive fees in violation of the SCRA.

By  |  03:48 PM ET, 05/18/2012

 
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