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7/29/2008--Reported to Senate amended. Helping Families Save Their Homes in Bankruptcy Act of 2008 - Title I: Minimizing Foreclosures - (Sec. 102) Amends federal bankruptcy law to permit a bankruptcy plan to: (1) modify a loan secured by a nontraditional mortgage, or a subprime mortgage, and any lien subordinate to such claim, on the principal residence (mortgage) of a chapter 13 debtor (individual with regular income); and (2) provide for payment of such loan, at a fixed annual percentage rate of interest, for a period that is the longer of 30 years (reduced by the period for which the loan has been outstanding) or the remaining term of such loan, beginning on the date of the order for relief. Provides that, if a claim has been modified to an amount below the original principal of the loan, and the debtor's principal residence is sold during the term of the plan, the holder of the claim shall be entitled to receive, in addition to the unpaid portion of the allowed secured claim, the net proceeds of the sale, or the amount of the holder's allowed unsecured claim, whichever is less. (Sec. 103) Exempts a chapter 13 debtor from the requirement for credit counseling if the court receives certification that debtor's principal residence has been scheduled for a foreclosure sale. Title II: Providing Other Debtor Protections - (Sec. 201) Declares that the plan need not provide for the payment of, and the debtor, the debtor's property, and property of the estate shall not be liable for, any fee, cost, or charge that arises in connection with a claim secured by the debtor's principal residence, if the event that gives rise to the fee, cost, or charge occurs while the case is pending but before the discharge order, except to the extent that: (1) notice to the court is filed within a specified deadline; and (2) such fees, costs, or charges are lawful, reasonable, and provided for in the agreement under which such claim or security interest arose. Permits a bankruptcy plan to provide for waiver of any prepayment penalty contained on a claim secured by debtor's principal residence.<br/>(Sec. 202) Authorizes the trustee in bankruptcy to request joinder or substitution for the debtor as the real party in interest in any action in state or federal court regarding a claim or defense asserted by an individual debtor that was not scheduled in the debtor's petition. Permits the debtor to proceed as the real party in interest if the trustee does not make such a request.<br/>(Sec. 203) Amends the judicial code to authorize the court in any core proceeding under bankruptcy law to hear and determine a proceeding in lieu of referral to arbitration if the case involves an individual debtor whose debts are primarily consumer debts.<br/>(Sec. 204) Exempts from the estate in bankruptcy up to $75,000 of the debtor's aggregate interest in real property used as debtor's principal residence if the debtor is age 55 or older (homestead exemption).<br/>(Sec. 205) Prohibits the court from allowing a claim that is subject to any remedy for damages or rescission due to failure to comply with the Truth in Lending Act or any other state or federal consumer protection law.<br/>

1222401600 2008-09-26 Fri Nov 07 16:46:41 -0600 2008 introduced 46540 'act':8 '2007':10 'help':1 'home':5 'save':3 'famili':2 'bankruptci':7 53473 false short introduced 46540 'bill':2 'purpos':15 'address':4 'mortgag':9 'primari':8 'treatment':6 'bankruptci':11 52626 false official reported to senate 46540 'act':8 '2008':10 'help':1 'home':5 'save':3 'famili':2 'bankruptci':7 63374 false short action 46540 1222401600 Fri Sep 26 00:00:00 -0500 2008 174175 By Senator Leahy from Committee on the Judiciary filed written report. Report No. 110-514. Minority views filed. D000563 1944-11-21 10035 309 Hart Senate Office Building http://durbin.senate.gov/contact.cfm 202-228-0400 Richard 'd':4 'il':5 'sen':1 'durbin':3,7,9 'richard':2,6,8 M 300038 Durbin Richard_Durbin J. Sen. Richard Durbin [D, IL] 5122 N00004981 20322 Democrat 202-224-2152 Roman Catholic IL Dick Richard Durbin 3.60810810810811 http://durbin.senate.gov B000444 1942-11-20 8444 Joseph 'd':4 'de':5 'sen':1 'biden':3,7,9 'joseph':2,6,8 M 300008 Biden Joseph_Biden R. Sen. Joseph Biden [D, DE] 4550 N00001669 10955 Democrat Roman Catholic DE Joseph Biden 2.68181818181818 B000711 1940-11-11 16505 112 Hart Senate Office Building http://boxer.senate.gov/contact/email/policy.cfm 202-224-0454 Barbara 'd':4 'ca':5 'sen':1 'boxer':3,7,9 'barbara':2,6,8 F 300011 Boxer Barbara_Boxer Sen. Barbara Boxer [D, CA] 7972 N00006692 34637 Democrat 202-224-3553 Jewish CA Barbara Boxer 2.30322580645161 http://boxer.senate.gov SenatorBoxer B000944 1952-11-09 9044 713 Hart Senate Office Building http://brown.senate.gov/contact/ 202-228-6321 Sherrod 'd':4 'oh':5 'sen':1 'brown':3,7,9 'sherrod':2,6,8 M 400050 Brown Sherrod_Brown Sen. Sherrod Brown [D, OH] 5679 N00003535 16157 Democrat 202-224-2315 Lutheran OH Sherrod Brown 3.43373493975904 http://brown.senate.gov/ SherrodBrownOhio C001041 1947-10-26 38260 Hillary 'd':4 'ny':5 'sen':1 'clinton':3,7,9 'hillari':2,6,8 F 300022 Clinton Hillary_Clinton Rodham Sen. Hillary Clinton [D, NY] 14835 N00000019 27701 Democrat Methodist NY Hillary Clinton 3.38356164383562 D000388 1944-05-27 13153 448 Russell Senate Office Building http://dodd.senate.gov/index.php?q=node/3130 202-228-1083 Christopher 'd':4 'ct':5 'sen':1 'dodd':3,7,9 'christoph':2,6,8 M 300034 Dodd Christopher_Dodd J. Sen. Christopher Dodd [D, CT] 7654 N00000581 18529 Democrat 202-224-2823 Roman Catholic CT Chris Christopher Dodd 1.63565891472868 http://dodd.senate.gov SenChrisDodd F000062 1933-06-22 15454 331 Hart Senate Office Building http://feinstein.senate.gov/public/index.cfm?FuseAction=ContactUs.EmailMe 202-228-3954 Dianne 'd':4 'ca':5 'sen':1 'diann':2,6,8 'feinstein':3,7,9 F 300043 Feinstein Dianne_Feinstein Sen. Dianne Feinstein [D, CA] 8268 N00007364 23932 Democrat 202-224-3841 Jewish CA Dianne Feinstein 1.93436293436293 http://feinstein.senate.gov/public/ SenatorFeinstein H000206 1939-11-19 5058 731 Hart Senate Office Building http://harkin.senate.gov/c/index.cfm 202-224-9369 Thomas 'd':4 'ia':5 'sen':1 'tom':8 'thoma':2,6,9 'harkin':3,7,10 M 300051 Harkin Tom_Harkin Sen. Thomas Harkin [D, IA] 2565 Tom N00004207 11312 Democrat 202-224-3254 Roman Catholic IA Tom Thomas Harkin 2.39024390243902 http://harkin.senate.gov/ SenatorTomHarkin K000148 1943-12-11 28460 218 Russell Senate Office Building http://kerry.senate.gov/contact/email.cfm 202-224-8525 John 'd':4 'ma':5 'sen':1 'john':2,6,8 'kerri':3,7,9 M 300060 Kerry John_Kerry Forbes Sen. John Kerry [D, MA] 13053 N00000245 17553 Democrat 202-224-2742 Roman Catholic MA John Kerry 2.17142857142857 http://kerry.senate.gov/ M000639 1954-01-01 5857 528 Hart Senate Office Building http://menendez.senate.gov/contact/ 202-228-2197 Robert 'd':4 'nj':5 'bob':8 'sen':1 'robert':2,6,9 'menendez':10 'menéndez':3,7 M 400272 Menéndez Robert_Menendez Sen. Robert Menéndez [D, NJ] 3010 Bob N00000699 16380 Democrat 202-224-4744 Roman Catholic NJ Robert Menendez 2.16326530612245 http://menendez.senate.gov/ SenatorMenendezNJ O000167 1961-08-04 28998 Barack 'obama':2,4,6 'barack':1,3,5 M 400629 Obama Barack_Obama Barack Obama 8812 N00009638 56866 Democrat United Church of Christ Barack Obama 3.69512195121951 R000122 1949-11-12 3925 728 Hart Senate Office Building http://reed.senate.gov/contact/contact-share.cfm 202-224-4680 John 'd':4 'ri':5 'sen':1 'jack':8 'john':2,6,9 'reed':3,7,10 M 300081 Reed Jack_Reed F. Sen. John Reed [D, RI] 1344 Jack N00000362 10256 Democrat 202-224-4642 Roman Catholic RI Jack John Reed 2.45454545454545 http://reed.senate.gov/ S000148 1950-11-23 16574 313 Hart Senate Office Building http://schumer.senate.gov/new_website/contact.cfm 202-228-3027 Charles 'd':4 'ny':5 'sen':1 'charl':2,6,8 'schumer':3,7,9 M 300087 Schumer Charles_Schumer E. Sen. Charles Schumer [D, NY] 8308 N00001093 23601 Democrat 202-224-6542 Jewish NY Chuck Charles Schumer 2.01639344262295 http://schumer.senate.gov/ senatorschumer W000802 5759 502 Hart Senate Office Building http://whitehouse.senate.gov/contact/ 202-228-6362 Sheldon 'd':4 'ri':5 'sen':1 'sheldon':2,6,8 'whitehous':3,7,9 M 412247 Whitehouse Sheldon_Whitehouse Sen. Sheldon Whitehouse [D, RI] 2508 N00027533 10510 Democrat 202-224-2921 RI Sheldon Whitehouse 3.4 http://whitehouse.senate.gov/ SenatorWhitehouse action 46540 1222401600 Fri Sep 26 00:00:00 -0500 2008 174175 By Senator Leahy from Committee on the Judiciary filed written report. Report No. 110-514. Minority views filed. action 46540 1217304000 Tue Jul 29 00:00:00 -0500 2008 167812 Committee on the Judiciary. Reported by Senator Leahy with an amendment in the nature of a substitute. Without written report. calendar 46540 1217304000 Tue Jul 29 00:00:00 -0500 2008 167813 Placed on Senate Legislative Calendar under General Orders. Calendar No. 911. action 46540 1207195200 Thu Apr 03 00:00:00 -0500 2008 148560 Committee on the Judiciary. Date of scheduled consideration. SD-226. 10:00 a.m. calendar 46540 1207195200 Thu Apr 03 00:00:00 -0500 2008 177810 Committee on the Judiciary. Ordered to be reported with an amendment favorably. action 46540 1207195200 Thu Apr 03 00:00:00 -0500 2008 155998 Committee on the Judiciary. Ordered to be reported with an amendment favorably. action 46540 1204779600 Thu Mar 06 00:00:00 -0600 2008 146752 Committee on the Judiciary. Date of scheduled consideration. SD-226. 10:00 a.m. action 46540 1202965200 Thu Feb 14 00:00:00 -0600 2008 145560 Committee on the Judiciary. Date of scheduled consideration. SD-226. 10:00 a.m. action 46540 1196830800 Wed Dec 05 00:00:00 -0600 2007 138123 Committee on the Judiciary. Hearings held. action 46540 1191384000 Wed Oct 03 00:00:00 -0500 2007 131478 Sponsor introductory remarks on measure. (CR S12536-12537) action 46540 1191384000 Wed Oct 03 00:00:00 -0500 2007 131479 Read twice and referred to the Committee on the Judiciary. introduced 46540 1191384000 Wed Oct 03 00:00:00 -0500 2007 131477