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Residential Mortgage and Consumer Loan COVID-19 Relief Concludes Dec. 1, 2021

November 05, 2021

Residential Mortgage and Consumer Loan COVID-19 Relief Concludes Dec. 1, 2021

On December 1, 2021 the Residential Mortgage and Consumer Loan COVID-19 relief program, which went into effect March 28, 2020, will conclude. This emergency program included temporary relief from the following actions for eligible loans:

  • Negative Credit Reporting 
  • Relief from Fees and Charges 
  • Moratorium on Initiating Foreclosure Sales or Evictions 

Your Mortgage or Home Equity Loan/Line statement will display the amount due as well as the payment due date. After December 1, 2021, any payments that are received after the grace period will be assessed a late charge and payments that are received 30 days or more after the due date will be reported to the credit bureaus.

Please refer to the loan terms outlined in your promissory note that provide you with payment details regarding your loan.

For any other questions specific to your financial situation, please contact us at 844-MANABNK (626-2265).

Thank you,

Manasquan Bank

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