,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #bibh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #ag1 #bjbe,ms4 
,*u 7= h]self1 ,mr4 ,%]man1 ,ms4 ,sn*ez1
 ,ms4 ,fri$man1 ,mr4 ,fields1 ,mr4      
,gomez1 ,mr4 ,correa1 ,ms4 ,pressley1   
,ms4 ,tokuda1 ,mr4 ,?an$>1 ,mr4         
,huffman1 ,mr4 ,neguse1 & ,ms4 ,g>cia ( 
,texas7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to provide        
=be>ance assi/ance dur+ a major disa/]  
or em]g5cy1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z !        
,mortgage ,relief = ,disa/] ,survivors  
,act4  #b4 ,=be>ance ( loan paym5ts =   
borr[]s ( prop]ties ) ,f$]ally back$    
loans  7a7 ,9 g5]al ,) respect to any   
disa/]1 a borr[] ) a cov]$ mortgage loan
 = a prop]ty locat$ )9 ! disa/] area t  
is damag$ or de/roy$ by su* disa/] may  
reque/ a =be>ance on su* loan dur+ !    
cov]$ p]iod4  7b7 ,reque/ = =be>ance ,a 
borr[] describ$ 9 subsection 7a7 may    
reque/ a =be>ance by-- 7#a7 submitt+ a  

writt5 reque/ = a =be>ance to ! borr[]'s
 s]vic]2 &  7#b7 provid+ docum5tation ( 
v]ifiable damage or de/ruction to !     
prop]ty4  7c7 ,grant ( =be>ance  7#a7 ,9
 g5]al ,^u receiv+ a reque/ = a =be>ance
 f a borr[] describ$ 9 subsection 7a71 !
 borr[]'s s]vic] %all grant a =be>ance--
 7,a7 = a duration ( #ahj days2 &  7,b7 
reg>dless ( ! del9qu5cy /atus ( ! cov]$ 
mortgage loan4  7#b7 ,ext5sion (        
=be>ance ,at any "t dur+ ! =be>ance1 a  
borr[] may reque/ an ext5sion1 ( n m ?an
 #ahj days1 ( ! duration describ$ 9     
p>agraph 7#a74  7d7 ,"r ,to discont9ue  
,a borr[] describ$ 9 subsection 7a7 may 
reque/ to discont9ue ! =be>ance at any  
"t4  7e7 ,accrual ,dur+ any =be>ance    
grant$ "u subsection 7c71 no fees1      
p5alties1 or int]e/ 7beyond ! am\nts    
s*$ul$ or calculat$ z if ! borr[] made  
all contractual paym5ts on "t & 9 full  
"u ! t]ms ( ! mortgage contract7 %all   
accrue on ! borr[]'s acc\nt4  #c4       
,def9itions ,9 ?is ,act3 7#a7 ,cov]$    
mortgage loan ,! cov]$ mortgage loan    

means-- 7,a7 a ,f$]ally back$ mortgage  
loan2 or  7,b7 a ,f$]ally back$         
multifamily mortgage loan4  7#b7 ,cov]$ 
p]iod ,! t]m cov]$ p]iod means ! p]iod  
beg9n+ on ! date ( ! decl>ation ( a     
disa/] & end+ on ! date t su* decl>ation
 ends4  7#c7 ,disa/] ,! t]m disa/] means
 any major disa/] or em]g5cy decl>$ by !
 ,presid5t "u ! ,rob]t ,t4 ,/af=d       
,disa/] ,relief & ,em]g5cy ,assi/ance   
,act 7#db ,u4,s4,c4 #daba et seq474     
7#d7 ,disa/] area ,! t]m disa/] area    
means1 ) respect to a disa/]1 any area t
 is subject to ! decl>ation ( su*       
disa/]4  7#e7 ,f$]ally back$ mortgage   
loan ,! t]m ,f$]ally back$ mortgage loan
 includes any loan 7o!r ?an tempor>y    
f9anc+1 su* z a con/ruction loan7 t is--
 7,a7 secur$ by a fir/ or subord9ate li5
 on resid5tial real prop]ty 7includ+    
individual units ( condom9iums &        
coop]atives7 design$ pr9cipally = !     
occupancy ( f #a to #d families1 includ+
 any su* secur$ loan1 ! proce$s ( :i*   
are us$ to prepay or pay (f an exi/+    

loan secur$ by ! same prop]ty2 &  7,b7  
pur*as$ or securitiz$ by ! ,f$]al ,home 
,loan ,mortgage ,corporation or ! ,f$]al
 ,national ,mortgage ,association4  7#f7
 ,f$]ally back$ multifamily mortgage    
loan ,! t]m ,f$]ally back$ multifamily  
mortgage loan includes any loan 7o!r ?an
 tempor>y f9anc+1 su* z a con/ruction   
loan7 t is-- 7,a7 secur$ by a fir/ or   
subord9ate li5 on resid5tial multifamily
 real prop]ty design$ pr9cipally = !    
occupancy ( #e or m families1 includ+   
any su* secur$ loan1 ! proce$s ( :i* are
 us$ to prepay or pay (f an exi/+ loan  
secur$ by ! same prop]ty2 &  7,b7       
pur*as$ or securitiz$ by ! ,f$]al ,home 
,loan ,mortgage ,corporation or ! ,f$]al
 ,national ,mortgage ,association4