Important dates for federal relief on mortgages, evictions, and student loans

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Information provided by the Illinois Department of Financial and Professional Regulation

CHICAGO, Ill. (January 13, 2021) – The Illinois Department of Financial and Professional Regulation wants to ensure that Illinois consumers are aware of COVID-19 relief options that are available to them. IDFPR recently released an educational one-pager for consumers to quickly and easily learn about their federal relief options when it comes to evictions, mortgages, and student loans.

Federal deadlines are fast approaching.  It is imperative that consumers take action quickly.

Please see below and the educational PDF linked here.

Evictions

  • Illinois moratorium has been extended to 2/6/21.
ADVERTISING MESSAGE——

Mortgage Deadlines

  • FHFA forbearance must be requested by 1/31/21.
  • HUD loan forbearance has been extended to 2/28/21.
  • FHFA foreclosure moratorium ends 1/31/21.
  • VA foreclosure moratorium ends 2/28/21.
  • HUD foreclosure moratorium ends 2/28/21.
  • ADVERTISING MESSAGE——

Student Loan Deadlines

  • Relief has been extended until 1/31/21. This includes interest being waived on all loans, collections on defaulted loans is halted, and loan payments are suspended.

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