California Mortgage Relief Act provides forbearance for borrowers with uninhabitable properties due to disasters.

The California Mortgage Relief Act allows borrowers with residential mortgage loans to request forbearance if their property becomes uninhabitable due to a disaster. Mortgage servicers must offer an initial forbearance period of 180 days, extendable in 90-day increments up to 12 months. During forbearance, servicers cannot initiate foreclosure or charge late fees. The Department of Financial Protection and Innovation must provide resources and guidance on disaster-related forbearance. The act does not affect the validity of foreclosure sales or apply to unrelated servicing guidelines.

California Mortgage Relief Act provides forbearance for borrowers with uninhabitable properties due to disasters.

The California Mortgage Relief Act allows borrowers with residential mortgage loans to request forbearance if their property becomes uninhabitable due to a disaster. Mortgage servicers must offer an initial forbearance period of 180 days, extendable in 90-day increments up to 12 months. During forbearance, servicers cannot initiate foreclosure or charge late fees. The Department of Financial Protection and Innovation must provide resources and guidance on disaster-related forbearance. The act does not affect the validity of foreclosure sales or apply to unrelated servicing guidelines.