Los Angeles Times: Californians in Congress push for break on mortgage payments after natural disasters
Washington,
April 17, 2025
"The Southern California lawmakers who represent the Eaton and Palisades fire zones introduced a bill in Congress on Thursday that would give homeowners affected by natural disasters nationwide a break on mortgage payments for almost a year.
The bill, introduced by U.S. Reps. Judy Chu (D-Monterey Park) and Brad Sherman (D-Sherman Oaks), would require lenders to grant a six-month pause on mortgage payments for homeowners who could document evidence of damage or destruction to their properties. Payments would be paused with no interest, penalties or fees, but would not be forgiven... The bill has 11 other co-sponsors, all Democrats, including Southern California Reps. Laura Friedman (D-Glendale), Jimmy Gomez (D-Los Angeles), Linda Sánchez (D-Whittier) and Lou Correa (D-Santa Ana), as well as several representatives from disaster-prone states, including Hawaii Rep. Jill Tokuda and Louisiana Rep. Cleo Fields." Full Article |
