A 3479
Establishes mortgage payment relief and foreclosure protection for certain homeowners impacted by the remnants of Hurricane Ida.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill establishes temporary mortgage payment relief and foreclosure protection for New Jersey homeowners impacted by the remnants of Hurricane Ida. It requires mortgage servicers to grant forbearance to eligible homeowners who have suffered financial hardship due to the storm and obtained federal disaster assistance. The bill also prohibits negative mortgage payment information from being shared with debt collectors and credit reporting agencies during the forbearance period, and provides a mechanism for homeowners to seek assistance from the Department of Banking and Insurance. Finally, it temporarily suspends foreclosure proceedings for homeowners receiving forbearance.
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