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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Mortgage Servicing Rules Deferral vs Forbearance
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#2234110 - 04/02/20 02:43 PM Deferral vs Forbearance
Bville Offline
Diamond Poster
Bville
Joined: May 2001
Posts: 1,282
Out West
What is the difference between a deferral and a forbearance? Do those terms have regulatory definitions?

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Mortgage Servicing Rules
#2234116 - 04/02/20 03:08 PM Re: Deferral vs Forbearance Bville
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,364
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.
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