VA issued Circular 26-20-5 (Circular), describing measures mortgagees may employ to provide relief to Tennessee home loan borrowers affected by severe storms, tornadoes, straight-line winds, and flooding. The measures include: the forbearance of loan payments; a 90 day foreclosure moratorium; the waiver of late charges; and the suspension of credit bureau and VA reporting. The Circular also encourages servicers to extend special forbearance to National Guard members that experience financial difficulties as a result of their service.
For more information, see:
https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_20_5.pdf
