An Act Instituting a Loan Restructuring and Condonation Program for Socialized and Low-Cost Housing
The Housing Loan Condonation Act would let borrowers of low‑cost housing loans who have missed at least three payments and can prove hardship have their interest, penalties and fees wiped out, pay a low (max 3%) interest rate, and possibly extend the loan term, while offering discounts to those who keep up with payments.
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SBN-2492 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.