Thread Options
#2234110 - 04/02/20 02:43 PM Deferral vs Forbearance
Bville Offline
Diamond Poster
Joined: May 2001
Posts: 1,282
Out West
What is the difference between a deferral and a forbearance? Do those terms have regulatory definitions?

Return to Top
Mortgage Servicing Rules
#2234116 - 04/02/20 03:08 PM Re: Deferral vs Forbearance Bville
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 77,591
Galveston, TX
Not regulatory - maybe legal in your State - but for student loans a deferral would be to postpone payments without further accrual of interest and forbearance would delay payment with interest continuing to accrue.
The opinions expressed here should not be construed to be those of my employer:

Return to Top