Permits mortgage forbearance of 180 days for borrowers whose primary residence is in State-declared disaster area.

Summary

The bill requires lenders to grant a temporary pause on mortgage payments for up to 180 days, with a possible extension of another 180 days, to borrowers whose homes are in areas declared disaster zones by the governor. It applies to primary‑residence mortgages of up to four units and eliminates penalties, fees, and interest during the forbearance. After the pause, the missed payments must be repaid through loan extension, modification, or a payment deferral at the end of the loan term.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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