Finance
In North Dakota, 'mortgage forbearance' allows a borrower who is experiencing financial hardship to:
APermanently eliminate missed payments
BTemporarily pause or reduce mortgage payments, with the missed amounts repaid later✓ Correct
CConvert their mortgage to a grant
DTransfer their mortgage to another person
Explanation
Mortgage forbearance is an agreement between the lender and borrower to temporarily pause or reduce payments during financial hardship. The paused payments are not forgiven; they must typically be repaid through a repayment plan, loan modification, or added to the end of the loan term.
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