Call to Action Alert! Mortgage Forgiveness Tax Relief Act & Terrorism Risk Insurance Program Reauthorization Act of 2014

NOTE:  NAR’s Calls to Action are requests from the national association to members for help in contacting members of Congress on critical issues.  For additional information, go to http://www.realtoractioncenter.com/

Two special NAR Calls to Action will be issued during this week’s NAR Conference and Expo in New Orleans. If you are not at the Conference, you’ll receive an email from the REALTOR® Action Center on Wednesday, November 12th.  Please act right away when you receive your Call to Action.

First, NAR will launch an all-member Call for Action on “The Mortgage Forgiveness Tax Relief Act.” This bill would extend an expired provision that has helped millions of distressed American families by allowing tax relief for homeowners when lenders forgive some portion of the mortgage debt they owe.  The provision expired last Dec. 31st and it is imperative to get it extended before impacted homeowners have to file their 2014 income tax.  The Call for Action asks all REALTORS® to contact their Member of Congress and United States Senators and urge an immediate vote when the “Lame Duck” session begins following the election.

For REALTORS® at the NAR Conference and Expo they can send their Call for Action from NAR Booth Number 1019 on the Expo floor.  If a member completes the CFA in New Orleans they are done.  Members who aren’t attending the NAR Conference and Expo will receive a CFA email beginning Wednesday, November 12, 2014.

The second targeted Call for Action is geared toward Commercial Practitioners and asks members of the House of Representatives to support .S. 2244, the “Terrorism Risk Insurance Program Reauthorization Act of 2014.” and bring the bill to the House floor for immediate consideration.  This bipartisan legislation, which was unanimously approved by the Senate Banking Committee and passed the Senate by a vote of 93-4, extends the vital Terrorism Risk Insurance Act (TRIA) for seven years.  REALTORS® traveling to New Orleans will be able to send their Call for Action from the REALTOR®  Party section of the NAR Booth Number 1019, the Commercial Booth Number 1701 and the Global Booth Number 2008.  Commercial Practitioners Members who aren’t attending the NAR Conference and Expo will receive a CFA email beginning Wednesday, November 12, 2014.

Thank you for your support for the REALTOR® Party!

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