; (H) as part of the 2012 joint State-Federal National Mortgage Settlement, mortgage servicers committed to undertaking loan modifications; and (I) investors in mortgage securitizations are or should be aware of servicers’ thin capitalization, liquidity constraints, the extent and history of servicing regulation and therefore do not have a reasonable expectation that the terms of servicing contracts will be enforceable at times of national financial crisis. (4) Determination It is the sense of the Congress that, on the basis of the findings described under paragraphs (1), (2), and (3), the Congress determines that the provisions of this Act are necessary and proper for the purpose of carrying into execution the powers of the Congress to regulate commerce among the several States and to establish uniform bankruptcy laws. (b) Prohibition on foreclosures and repossessions during the COVID–19 emergency (1) Prohibition on foreclosures The Real Estate Settlement Procedures Act of 1974 ( 12 U.S.C. 2601 et seq.) is amended— (A) in section 3 ( 12 U.S.C. 2602 )— (i) in paragraph (8), by striking and at the end; (ii) in paragraph (9), by striking the period at the end and inserting ; and ; and (iii) by adding at the end the following: (10) the term COVID–19 emergency means the period that begins upon the date of the enactment of this Act and ends on the date of the termination by the Federal Emergency Management Agency of the emergency declared on March 13, 2020, by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act ( 42 U.S.C. 4121 et seq.) relating to the Coronavirus Disease 2019 (COVID–19) pandemic. ; and (B) in section 6(k)(1) ( 12 U.S.C. 2605(k)(1) )— (i) in subparagraph (D), by striking or at the end; (ii) by redesignating subparagraph (E) as subparagraph (G)