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

This bill extends foreclosure protections for homeowners in New Jersey who were impacted by Hurricane Ida by allowing them to apply for a forbearance period on their mortgage payments. To qualify, homeowners must meet specific criteria including having a mortgage on their primary residence and submitting an application with required documentation to the Department of Community Affairs. Once approved, eligible homeowners receive a certification that pauses foreclosure proceedings for up to two years, giving them time to recover financially from storm damage. The bill also establishes a clear application process with timelines for review and includes provisions for appeals if an application is denied.