1. Short title This Act may be cited as the Helping Home Owners Maintain Economic Security Act of 2020 or the Helping HOMES Act of 2020 . 2. Notice to homeowners Section 4022 of the CARES Act ( 15 U.S.C. 9056 ) is amended— (1) by striking Federally backed mortgage loan ' each place such term appears and inserting covered mortgage loan ; (2) in subsection (a)— (A) by amending paragraph (2) to read as follows: (2) Covered mortgage loan The term covered mortgage loan means any credit transaction that is secured by a mortgage, deed of trust, or other equivalent consensual security interest on a 1- to 4-unit dwelling or on residential real property that includes a 1- to 4-unit dwelling, except that it shall not include a credit transaction under an open end credit plan other than a reverse mortgage. ; and (B) by adding at the end the following new paragraph: (3) Covered period With respect to a loan, the term covered period means the period beginning on the date of enactment of this Act and ending 12 months after such date of enactment. ; and (3) by adding at the end the following new subsection: (d) Notice to homeowners of available relief During the period that begins 90 days after the date of the enactment of this subsection and ends upon the expiration of the covered period, each servicer of a covered mortgage loan shall— (1) make available in a clear and conspicuous manner on their web page accurate information for borrowers, in both English and Spanish language, regarding the availability of forbearance under subsection (b); (2) notify each borrower whose payments under a covered mortgage loan are or become 31 days delinquent in any oral communication with or to the borrower that the borrower may be eligible to request forbearance as provided under subsection (b), except that such notification shall not be required if the borrower already has obtained forbearance under subsection (b)