MN HF3013

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

Mortgagors who have lived in their home for 20+ years may request and receive a deferral of at least 24 months instead of 12 months.

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

Mortgagees may request a court determination during the deferral period as to whether the mortgagor can make partial monthly payments not exceeding 30 percent of their income, with no more than one such request per 12-month period.

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