Extends foreclosure protections for certain homeowners impacted by remnants of Hurricane Ida.
Introduced First Reading Senate Referred to SCU
Summary
The bill lets homeowners whose primary residence was damaged by Hurricane Ida apply for a certification that pauses mortgage payments. Eligible owners can receive a forbearance of up to two years, with the loan term extended by the same number of months and no extra fees or penalties. It aims to prevent foreclosures for those still facing repayment challenges after the storm.
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