1. Short title This Act may be cited as the Helping Owners Maintain Economic Security Act of 2020 or the HOMES Act of 2020 . 2. Notice to homeowners Section 4022 of the CARES Act ( 15 U.S.C. 9056 ) is amended— (1) in subsection (b)(1), by inserting after covered period, the following: which term for purposes of this section shall have the meaning given such term in section 623(a)(1)(F)(i) of the Fair Credit Reporting Act, ; and (2) by adding at the end the following new subsection: (d) Notice to homeowners of available relief (1) Notice requirement Subject only to paragraph (3), not later than the expiration of the 30-day period beginning upon the date of the enactment of this subsection, each servicer of a Federally backed mortgage loan shall send, by first class United States mail, written notice to the mortgagor sufficient to inform such mortgagor in plain language of the mortgagor’s eligibility to request forbearance under subsection (b). (2) Content The notice established pursuant to paragraph (1) shall include a statement— (A) that section 4022(b) of the CARES Act provides that, during the covered period, a borrower with a Federally backed mortgage loan experiencing a financial hardship due, directly or indirectly, to the COVID–19 emergency may receive a forbearance on such loan for up to 180 days, regardless of delinquency status, by submitting a request to the loan servicer and affirming that the borrower is experiencing a financial hardship during the COVID–19 emergency, and that such forbearance period shall be extended for an additional 180 days at the request of the borrower; (B) explaining that the mortgagor can seek language assistance and general help through a housing counseling agency in the area that is approved by the Department of Housing and Urban Development and providing information on how to find such an approved housing counseling agency; (C) that the moratorium under the CARES Act does not terminate the mortgagor’s obligation to make payments due under the mortgage