,,ii #aaith ,,congress #ast ,session ,s4 #befi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #ca1 #bjbe,mr4 ,schiff 7for himself and ,mr4 ,bennet7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to provide forbearance assistance during a major disaster or emergency1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,mortgage ,relief for ,disaster ,survivors ,act4 #b4 ,definitions ,in this ,act3 7#a7 ,covered mortgage loan ,the covered mortgage loan means-- 7,a7 a ,federally backed mortgage loan2 or 7,b7 a ,federally backed multifamily mortgage loan4 7#b7 ,covered period ,the term covered period means the period beginning on the date of the declaration of a disaster and ending on the date on which the declaration ends4 7#c7 ,disaster ,the term disaster means-- 7,a7 any major disaster or emergency declared by the ,president under section #dja or #eja1 respectively1 of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eagj1 #eaia72 and 7,b7 any disaster or emergency declared by the ,governor of a ,state or the ,chief ,executive of an ,indian tribal government4 7#d7 ,disaster area ,the term disaster area means1 with respect to a disaster1 any area that is subject to the declaration of the disaster4 7#e7 ,federally backed mortgage loan ,the term ,federally backed mortgage loan includes any loan that is secured by a first or subordinate lien on residential real property 7including individual units of condominiums and cooperatives7 designed principally for the occupancy of from #a- to #d- families that is-- 7,a7 insured by the ,federal ,housing ,administration under title ,,ii of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agjg et seq472 7,b7 insured under section #bee of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agaez-#bj72 7,c7 guaranteed under section #ahd or #ahd;,a of the ,housing and ,community ,development ,act of #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b72 7,d7 guaranteed or insured by the ,department of ,veterans ,affairs2 7,e7 guaranteed or insured by the ,department of ,agriculture2 7,f7 made by the ,department of ,agriculture2 or 7,g7 purchased or securitized by the ,federal ,home ,loan ,mortgage ,corporation or the ,federal ,national ,mortgage ,association4 7#f7 ,federally backed multifamily mortgage loan ,the term ,federally backed multifamily mortgage loan includes any loan 7other than temporary financing1 such as a construction loan7 that-- 7,a7 is secured by a first or subordinate lien on residential multifamily real property designed principally for the occupancy of #e or more families1 including any such secured loan1 the proceeds of which are used to prepay or pay off an existing loan secured by the same property2 and 7,b7 is-- 7i7 insured under section #bee of the ,national ,housing ,act 7#ab ,u4,s4,c4 #agaez-#bj72 7ii7 guaranteed under section #ahd or #ahd;,a of the ,housing and ,community ,development ,act of #aiib 7#ab ,u4,s4,c4 #agaez-#ac;a1 #agaez-#ac;b72 7iii7 guaranteed or insured by the ,department of ,veterans ,affairs2 7iv7 guaranteed or insured by the ,department of ,agriculture2 7v7 made by the ,department of ,agriculture2 or 7vi7 purchased or securitized by the ,federal ,home ,loan ,mortgage ,corporation or the ,federal ,national ,mortgage ,association4 7#g7 ,governor2 ,indian tribal government2 ,state ,the terms ,governor1 ,indian tribal government1 and ,state have the meanings given those terms in section #ajb of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eabb74 #c4 ,forbearance of loan payments for borrowers of properties with ,federally backed loans in disaster areas 7a7 ,in general ,with respect to any disaster1 a borrower with a covered mortgage loan that is secured by a property located within the disaster area may request a forbearance on the covered mortgage loan during the covered period4 7b7 ,request for forbearance ,a borrower described in subsection 7a7 may request a forbearance on a covered mortgage loan1 regardless of the delinquency status of the covered mortgage loan1 by-- 7#a7 submitting a request to the borrower's servicer in writing1 over the phone1 online1 or through any other notification method determined to be eligible by the servicer2 and 7#b7 affirming that the borrower is experiencing a financial hardship4 7c7 ,grant of forbearance 7#a7 ,in general ,upon receiving a request for a forbearance from a borrower described in subsection 7a71 the borrower's servicer shall promptly and without unreasonable delay grant a forbearance-- 7,a7 for a duration of #ahj days2 and 7,b7 regardless of the delinquency status of the covered mortgage loan4 7#b7 ,extension of forbearance ,at any time during the forbearance1 a borrower may request an extension1 of not more than #ahj days1 of the duration described in paragraph 7#a77;,a74 7d7 ,right ,to discontinue ,a borrower described in subsection 7a7 may request to discontinue a forbearance granted under subsection 7c7 at any time4 7e7 ,accrual ,during any forbearance granted under subsection 7c71 no fees1 penalties1 or interest 7beyond the amounts scheduled or calculated as if the borrower made all contractual payments on time and in full under the terms of the mortgage contract7 shall accrue on the borrower's account4 7f7 ,application ,this section shall apply to with respect to any disaster declared on or after ,january #a1 #bjbe4