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119-s-2569119th CongressWALLET

Mortgage Relief for Disaster Survivors Act

Sponsored By: Senator Schiff, Adam B. [D-CA]

Introduced

Summary

Emergency forbearance for federally backed mortgages in declared disaster areas. This bill would let borrowers pause mortgage payments for a covered period after a disaster declaration and get a 180-day pause that can be extended once for another 180 days.

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  • Families and homeowners: Borrowers may request forbearance whether or not they are behind on payments by affirming financial hardship. The initial pause is 180 days and borrowers can ask for one 180-day extension.
  • Owners of multifamily properties: Loans on residential buildings designed for 5 or more families that are federally backed are included, so those owners can request the same forbearance.
  • Loan servicers: Servicers would be required to grant forbearance promptly after a borrower’s request by phone, online, or in writing. During forbearance no fees, penalties, or extra interest accrue beyond the scheduled amounts.
  • Scope: The forbearance rules apply to disasters declared on or after January 1, 2025.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Mortgage pause and fee protection for homeowners

If enacted, you could ask your mortgage servicer to pause payments for 180 days if your property is in a disaster area declared on or after January 1, 2025. You could request the pause by writing, phone, online, or any servicer-eligible method and would need to affirm you have a financial hardship. The servicer would have to promptly grant an initial 180-day forbearance regardless of delinquency status. You could ask once for up to 180 more days, for up to 360 days total, and you could end the forbearance at any time. During any such forbearance, servicers could not add fees, penalties, or extra interest beyond what would have been scheduled if you made all payments on time. The rules would apply to many federally backed mortgages, including FHA, VA, USDA, and loans purchased or securitized by Fannie Mae or Freddie Mac, and to covered multifamily loans.

Sponsors & CoSponsors

Sponsor

Schiff, Adam B. [D-CA]

CA • D

Cosponsors

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 7/31/2025

Roll Call Votes

No roll call votes available for this bill.

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