Housing & Home Ownership
BR No. 18-0952 - This Bill Request will establish that after a declared natural disaster, banks and mortgage lenders licensed to do business in the Territory will be required to issue a 90-day moratorium on mortgage payments and a 180-day moratorium on mortgage foreclosures. Further, the moratorium on payments may not result in the payments becoming due shortly after the expiration of the moratorium. Instead, the maturity date of the loan must be adjusted in accordance with the moratorium. *co-sponsored*
BR No. 17-0049 - This Bill Request would increase the time period in which a homeowner can redeem their property subsequent to foreclosure on a mortgage.