MS HB30

Establishes the Homeowner's Emergency Mortgage Assistance Program administered by the Mississippi Home Corporation to provide loans to homeowners facing foreclosure due to circumstances beyond their control

Requires mortgagees to send two notices before foreclosure: a notice of default when first delinquent, and a notice of intention to foreclose at least 90 days before sale when 60+ days delinquent

Temporarily stays all pending foreclosure actions where sales have not been consummated, allowing homeowners time to apply for assistance and receive a determination within 60 days

Limits eligibility to owner-occupied residences where household income is 120% or less of area median income, with applicants demonstrating financial hardship and reasonable prospect of resuming payments

Creates assistance as a no-interest, deferred, forgivable second mortgage loan with a three-year term, requiring recipients to complete six months of mandatory credit counseling