Mortgage Relief for Disaster Survivors Act

The covered mortgage loan means—

(A) a Federally backed mortgage loan; or

(B) a Federally backed multifamily mortgage loan.

The term covered period means the period beginning on the date of the declaration of a disaster and ending on the date on which the declaration ends.

The term disaster means—

(A) any major disaster or emergency declared by the President under section 401 or 501, respectively, of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170, 5191); and

(B) any disaster or emergency declared by the Governor of a State or the Chief Executive of an Indian tribal government.

The term disaster area means, with respect to a disaster, any area that is subject to the declaration of the disaster.

The term Federally backed mortgage loan includes any loan that is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1- to 4- families that is—

(A) insured by the Federal Housing Administration under title II of the National Housing Act (12 U.S.C. 1707 et seq.);

(B) insured under section 255 of the National Housing Act (12 U.S.C. 1715z–20);

(C) guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b);

(D) guaranteed or insured by the Department of Veterans Affairs;

(E) guaranteed or insured by the Department of Agriculture;

(F) made by the Department of Agriculture; or

(G) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.

The term Federally backed multifamily mortgage loan includes any loan (other than temporary financing, such as a construction loan) that—

(A) is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of 5 or more families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and

(B) is—

(i) insured under section 255 of the National Housing Act (12 U.S.C. 1715z–20);

(ii) guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13a, 1715z–13b);

(iii) guaranteed or insured by the Department of Veterans Affairs;

(iv) guaranteed or insured by the Department of Agriculture;

(v) made by the Department of Agriculture; or

(vi) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.

The terms Governor, Indian tribal government, and State have the meanings given those terms in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122).

With respect to any disaster, a borrower with a covered mortgage loan that is secured by a property located within the disaster area may request a forbearance on the covered mortgage loan during the covered period.

A borrower described in subsection (a) may request a forbearance on a covered mortgage loan, regardless of the delinquency status of the covered mortgage loan, by—

(1) submitting a request to the borrower’s servicer in writing, over the phone, online, or through any other notification method determined to be eligible by the servicer; and

(2) affirming that the borrower is experiencing a financial hardship.

Upon receiving a request for a forbearance from a borrower described in subsection (a), the borrower’s servicer shall promptly and without unreasonable delay grant a forbearance—

(A) for a duration of 180 days; and

(B) regardless of the delinquency status of the covered mortgage loan.

At any time during the forbearance, a borrower may request an extension, of not more than 180 days, of the duration described in paragraph (1)(A).

A borrower described in subsection (a) may request to discontinue a forbearance granted under subsection (c) at any time.

During any forbearance granted under subsection (c), no fees, penalties, or interest (beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the mortgage contract) shall accrue on the borrower’s account.

This section shall apply to with respect to any disaster declared on or after January 1, 2025.