Provides for mortgage payment relief and foreclosure protection for certain homeowners impacted by remnants of Hurricane Ida.*

This bill (A4871) provides mortgage payment relief and foreclosure protection for New Jersey homeowners who lived in their primary residence as of August 31, 2021, and received federal disaster aid for damage caused by Hurricane Ida's 2021 remnants. Eligible homeowners can apply to the Department of Community Affairs for a "Certification of Eligibility for Forbearance," which pauses mortgage payments for one year while blocking foreclosure actions during that period. The bill requires lenders to extend the mortgage repayment term by the forbearance duration, prohibits fees or penalties during the pause, and mandates lenders to report forbearance data to state agencies. Foreclosure stays are available until January 1, 2026, or one year after the stay is granted, whichever comes first.