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Committee approves one‑year mortgage forbearance program for Hurricane Ida survivors
Summary
A4871 would let storm‑impacted homeowners apply for Department of Community Affairs certification for a one‑year mortgage forbearance, provide appeal paths and a temporary foreclosure stay; committee favorably released the bill after survivor testimony.
The Assembly Housing Committee favorably released Assembly Bill A4871, which establishes a Department of Community Affairs certification process to permit one‑year mortgage forbearance for homeowners whose primary residences were damaged by Hurricane Ida and who meet specified program criteria.
Committee staff explained the bill authorizes the…
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