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1.5.7.2 Moratorium (Forbearance)

“If you have excessive, non-reimbursed expenses resulting from damage to your property, non-reimbursed medical expenses, or have lost your job as a result of the disaster, you may be eligible for a moratorium for up to 180 days where you are not required to make your house payment.”200

On September 1, 2017, USDA Rural Development issued a letter that outlines how the agency can assist homeowners affected by Hurricane Harvey. It states:

“If you have excessive, non-reimbursed repair expenses or have lost your job as a result of the storm, you can request a moratorium package. We will review the information you provide us to determine if you may be eligible for a moratorium on your payments. This moratorium is a suspension of your payment for a period of time and is subject to repayment at a later date. Contact us to request an application.”201

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