HR 2928 — Mortgage Relief for Disaster Survivors Act

Summary

This bill provides mortgage payment forbearance (relief) for borrowers with federally-backed loans on properties damaged or destroyed in federally declared major disasters or emergencies. Borrowers may request forbearance by submitting written request and documentation of property damage; the servicer must grant forbearance for 180 days regardless of the loan's delinquency status. The forbearance can be extended for an additional 180 days upon request, and borrowers may discontinue forbearance at any time. During forbearance, no additional fees, penalties, or interest beyond the amounts scheduled in the original mortgage contract shall accrue. The bill applies to federally-backed single-family and multifamily residential mortgages.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Rep. Chu, Judy [D-CA-28] (D-CA)

13 cosponsors

Money behind the sponsor

Top reported contributors to Judy Chu’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

NULL $39,775
MEBO INTERNATIONAL $13,200
GARFIELD HEALTH CENTER $12,800
APEX GLOBAL GROUPS INC $9,900
EDI MEDIA $9,900

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Judy Chu → · Outside spending →

Actions (2)

Apr 17, 2025 Referred to the House Committee on Financial Services. · house
Apr 17, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

Text versions (1)

Introduced in House · Apr 17, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

April 17, 2025

Ms. Chu (for herself, Mr. Sherman, Ms. Sanchez, Ms. Friedman, Mr. Fields, Mr. Gomez, Mr. Correa, Ms. Pressley, Ms. Tokuda, Mr. Thanedar, Mr. Huffman, Mr. Neguse, and Ms. Garcia of Texas) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 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—

(1) submitting a written request for a forbearance to the borrower’s servicer; and

(2) 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—

(A) for a duration of 180 days; and

(B) 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:

(1) Covered mortgage loan.—The “covered mortgage loan” means—

(A) a Federally backed mortgage loan; or

(B) a Federally backed multifamily mortgage loan.

(2) Covered period.—The term “covered period” means the period beginning on the date of the declaration of a disaster and ending on the date that such declaration ends.

(3) Disaster.—The term “disaster” 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.).

(4) Disaster area.—The term “disaster area” means, with respect to a disaster, any area that is subject to the declaration of such disaster.

(5) Federally backed mortgage loan.—The term “Federally backed mortgage loan” includes any loan (other than temporary financing, such as a construction loan) that is—

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

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

(A) 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) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association. <all>

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