MN HF2820

Mortgagees must defer foreclosure commencement or continuation for at least 12 months for mortgagors who have lived in their home for at least 10 years and have at least one unemployed household member eligible for or with expired unemployment compensation.

Mortgagors who have lived in their home for at least 20 years can request and must receive a foreclosure deferral of at least 24 months under the same unemployment eligibility criteria.

Mortgagors may request a deferral at any time before or during a foreclosure proceeding.

Interest may continue to accrue on the loan unless the mortgagor and mortgagee agree otherwise.

Mortgagees must notify potentially eligible mortgagors in writing of their rights under this section as part of the default notice.