EXTENDED PERIOD OF PROTECTIONS FOR MEMBERS OF UNIFORMED SERVICES RELATING TO MORTGAGES, MORTGAGE FORECLOSURE, AND EVICTION.

SEC. 710. EXTENDED PERIOD OF PROTECTIONS FOR MEMBERS OF UNIFORMED SERVICES RELATING TO MORTGAGES, MORTGAGE FORECLOSURE, AND EVICTION. (a) 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) is amended by striking “within 9 months” and inserting “within one year”. (b) Period of Relief From Sale, Foreclosure, or Seizure.—Section 303(c) of such Act (50 U.S.C. App. 533) is amended by striking “within 9 months” and inserting “within one year”. (c) Effective Date.—The amendments made by subsections (a) and (b) shall take effect on the date that is 180 days after the date of the enactment of this Act. (d) Extension of Sunset.— (1) [Paragraph (1) was repealed by section 313 of Public Law 115–174.] (2) Conforming amendment.—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.” . (3) [Paragraph (3) was repealed by section 313 of Public Law 115–174.] (e) Report.— (1) In general.—Not later than 540 days after the date of the enactment of this Act, the Comptroller General of the United States shall submit to Congress a report on the protections provided under section 303 of such Act (50 U.S.C. App 533) during the five-year period ending on the date of the enactment of this Act. (2) Elements.—The report required by paragraph (1) shall include, for the period described in such paragraph, the following: (A) An assessment of the effects of such section on the long-term financial well-being of servicemembers and their families. (B) The number of servicemembers who faced foreclosure during a 90-day period, 270-day period, or 365-day period beginning on the date on which the servicemembers completed a period of military service. (C) The number of servicemembers who applied for a stay or adjustment under subsection (b) of such section. (D) A description and assessment of the effect of applying for a stay or adjustment under such subsection on the financial well-being of the servicemembers who applied for such a stay or adjustment. (E) An assessment of the Secretary of Defense’s partnerships with public and private sector entities and recommendations on how the Secretary should modify such partnerships to improve financial education and counseling for servicemembers in order to assist them in achieving long-term financial stability. (3) Period of military service and servicemember defined.—In this subsection, the terms “period of military service” and “servicemember” have the meanings given such terms in section 101 of such Act (50 U.S.C. App. 511).