H.R. 2928

119th CONGRESS 1st Session

To provide forbearance assistance during a major disaster or emergency, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · April 17, 2025 · Sponsor: Ms. Chu · Committee: Committee on Financial Services

Table of contents

• H.R. 2928
  • SEC. 1. Short title
  • SEC. 2. Forbearance of loan payments for borrowers of properties with Federally backed loans
  • SEC. 3. Definitions

SEC. 1. Short title

• This Act may be cited as the Mortgage Relief for Disaster Survivors Act.

SEC. 2. Forbearance of loan payments for borrowers of properties with Federally backed loans

• (a) In general
  • With respect to any disaster, a borrower with a covered mortgage loan for a property located within the disaster area that is damaged or destroyed by such disaster may request a forbearance on such loan during the covered period.
• (b) Request for forbearance
  • A borrower described in subsection (a) may request a forbearance by—
    • submitting a written request for a forbearance to the borrower’s servicer; and
    • providing documentation of verifiable damage or destruction to the property.
• (c) Grant of forbearance
  • (1) In general
    • Upon receiving a request for a forbearance from a borrower described in subsection (a), the borrower’s servicer shall grant a forbearance—
      • for a duration of 180 days; and
      • regardless of the delinquency status of the covered mortgage loan.
  • (2) Extension of forbearance
    • 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).
• (d) Right To discontinue
  • A borrower described in subsection (a) may request to discontinue the forbearance at any time.
• (e) Accrual
  • 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.

SEC. 3. Definitions

• In this Act:
  • The means— covered mortgage loan
  • The term means the period beginning on the date of the declaration of a disaster and ending on the date that such declaration ends. covered period
  • The term means any major disaster or emergency declared by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (). 42 U.S.C. 4121 et seq.
  • The term means, with respect to a disaster, any area that is subject to the declaration of such disaster. disaster area
  • The term includes any loan (other than temporary financing, such as a construction loan) that is— Federally backed mortgage loan
  • The term includes any loan (other than temporary financing, such as a construction loan) that is— Federally backed multifamily mortgage loan