HUD Maui Foreclosure Moratorium

On May 3, HUD extended foreclosure moratorium, issued info sheet.

  • HUD extended the foreclosure moratorium re declared major disaster area in Maui.
  • Follows White House Aug. 2023 disaster declaration, relief for wildfires, see #181697.
  • Moratorium Extension
  • Extends the automatic foreclosure moratorium for properties located in Maui County, Hawaii, provides relief for FHA-insured Home Equity Conversion Mortgages (HECMs).
  • Applies to initiation of foreclosures and to the completion of foreclosures in process.
  • Effectiveness
  • The moratorium will remain in effect through Aug. 4, 2024, deadlines for the first legal action and reasonable diligence timeframes extended by 180 Days from Aug. 4, 2024.
  • May 6, 2024 HUD Extends Moratorium
  • On May 6, 2024, HUD reported on foreclosure moratorium extension through Aug. 4.

Regulators HUD
Entity Types Bank; CNSM; MG Orig; Servicer; Thrift
Reference PR 24-102, 5/6/2024; Bul, 5/3/2024; Lt 2024-08, Info 2024-25, 5/3/2024
Functions Compliance; Financial; Legal; Operations; Registration/Licensing; Training
Countries United States of America
Products Banking; Loan; Mortgage
Regions Am
Rule Type Final
Rule Date 5/3/2024
Effective Date 8/4/2024
Rule Id 211020
Linked to Rule :181697
Reg. Last Update 5/6/2024
Report Section US Consumer

Last substantive update on 05/09/2024