We, at Manasquan Bank, are diligently working to ensure that our clients who have been affected by the Government Shutdown have the financial resources and services available to them. Manasquan Bank recognizes that this may be a challenging time and we want our clients to know that we are here for you. If you have been disproportionately impacted by the Government Shutdown, please review and consider the following relief programs:
Residential Mortgage and Consumer Relief
- 90-Day Grace Period for Mortgage and Consumer Payments
Manasquan Bank will offer, consistent with applicable guidelines, mortgage payment forbearances of up to 90 days to borrowers economically impacted by Government Shutdown. In addition, we will:
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- Provide clients with a streamlined process for requesting forbearance for Government Shutdown -related reasons, with supported available documentation
- Confirm approval of and terms of forbearance program
- Provide you the opportunity to request an extension of your forbearance agreement if you continue to experience hardship due to Government Shutdown
Please note, all deferred payments are expected to be repaid over the 12 months following the deferral period.
- Negative Credit Impacts Resulting from Relief
Manasquan Bank will not report derogatory tradelines (e.g., late payments) to credit reporting agencies, consistent with applicable guidelines, for our borrowers taking advantage of Government Shutdown -related relief.
- Relief from Fees and Charges
For at least 90 days, Manasquan Bank will waive or refund at least the following for clients who have requested assistance:
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- Mortgage and consumer loan related late fees; and
- Other fees, including early CD withdrawals (subject to applicable federal regulations).
In order to participate in these programs, clients must complete the Government Shutdown Residential and Consumer Loan Hardship form below, provide documentation from your employer that you are not receiving a paycheck, and provide a statement of how you are affected.
Your personal success is important to each of us at Manasquan Bank, not just as your financial partner but as your neighbor. If we may offer any additional guidance related to any of the programs listed above, please contact 844-626-2265 to be directly connected to your branch representative.
Please fill out and send the form below to [email protected]
Government Shutdown Hardship Form 2025
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