Extends foreclosure protections for certain homeowners impacted by remnants of Hurricane Ida.

This bill extends foreclosure protections for homeowners in New Jersey who were affected by the remnants of Hurricane Ida. It allows eligible homeowners to apply for a forbearance, which pauses mortgage payments, by submitting an application to the Department of Community Affairs. To qualify, applicants must prove they are storm-impacted homeowners with a mortgage on their primary residence and provide specific documentation. If approved, the forbearance period lasts for two years, giving borrowers time to recover financially without facing immediate foreclosure actions.