WASHINGTON, D.C. – Today, U.S. Congressman Scott Peters (CA-52) lauded the passing of the bipartisan Foreclosure Relief and Extension for Servicemembers Act, which restores foreclosure protections for active-duty servicemembers to up to a year after leaving the service. Congressman Peters helped to pass the bill on Monday, and it will now go to the President for his signature.
“The transition to civilian life is difficult enough for many veterans and their families without the added stress of potentially losing their homes,” Rep. Peters said. “These commonsense protections will ensure that the 15,000 Marines and sailors discharged in San Diego every year have the chance to get their feet underneath them before facing the threat of foreclosure.”
Last February, Congressman Peters passed an amendment to the Regulatory Flexibility Act to ensure that the Department of Defense could issue rules to protect servicemembers from predatory lending practices. Peters’ full plan to support our nation’s veterans can be found here.
Congressman Peters serves the 52nd District of California which covers much of central San Diego County including Poway, Coronado, and large portions of the City of San Diego. He is a member of the House Armed Services Committee and House Judiciary Committee. The Congressman is a former environmental attorney, City Council President, and Port Commission Chairman.