Provides forbearance for federally backed mortgage loans in disaster areas.
The Mortgage Relief for Disaster Survivors Act allows borrowers with federally backed mortgage loans in disaster areas to request forbearance on their loans. Borrowers can request forbearance regardless of their delinquency status. The forbearance lasts for 180 days and can be extended for another 180 days. During the forbearance, no fees, penalties, or interest accrue. This act applies to disasters declared on or after January 1, 2025.
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