Bill > HR2928

This bill provides mortgage relief for homeowners whose properties are located in areas declared a major disaster by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act. Specifically, borrowers with federally backed mortgage loans (including single-family and multifamily properties) in a designated disaster area can request a loan forbearance for up to 180 days if their property has been damaged or destroyed. To request forbearance, borrowers must submit a written request to their loan servicer and provide documentation of property damage. The servicer must grant the forbearance regardless of the loan's current delinquency status, and borrowers can request a one-time 180-day extension. During the forbearance period, no additional fees, penalties, or interest beyond the normal contractual payment schedule can accrue on the loan. Borrowers also have the right to discontinue the forbearance at any time. The bill defines key terms such as "covered mortgage loan," which includes loans purchased or securitized by Fannie Mae or Freddie Mac, and "covered period," which spans from the disaster declaration date to its end date.

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https://www.congress.gov/bill/119th-congress/house-bill/2928/all-info