H.B. 2162 Summary

• Suspends residential rent collection for three months upon tenant request during emergency proclamations, with option for additional three-month suspension; suspended rent collected as equal periodic payments over the suspension period.

• Establishes eviction moratorium for residential units during emergency proclamations, prohibiting courts from accepting possession complaints, entering judgments, or issuing writs until 96 hours after proclamation effective date unless extended.

• Prohibits residential property foreclosures during emergency proclamations, halting notice publication, power of sale exercises, and enforcement actions until 96 hours after proclamation effective date unless extended.

• Allows mortgagors to defer mortgage payments for three years upon request during emergencies, with repayment period extended by deferral period; no interest accrues during deferment.

• Suspends commercial rent collection for small business tenants (maximum six months) during emergencies, auto-renews expired leases at current rates, and prohibits eviction actions for 90 days after proclamation ends.

• Permits loan deferment for student, commercial, and consumer loans up to six months with extended repayment periods and no accruing interest during deferment.

• Allows residents to request credit reporting agencies exclude adverse information during emergency period through 90 days after proclamation; agencies must respond within five days without charging fees.

• Classifies all violations as unfair and deceptive trade practices subject to civil penalties.