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

Summary

If enacted, this bill would require mortgage servicers to grant a 180-day forbearance to borrowers whose primary residence is in a state-declared disaster area. The forbearance must include no late fees or negative credit reporting during the period. Lenders and servicers would need to implement procedures for borrowers to request forbearance and document disaster eligibility.