The rule provides for recompense to the mortgagees for using these alternative procedures and provides for payment to the mortgagee of a partial claim which would be applied to the arrearage.
The rule changes how mortgages are paid.
Participants are then reimbursed up to $5,000 per year for up to 2 years, not to exceed 80 percent of the cost of the cost of tuition, fees, books, and other student materials required for attendance at approved educational institutions.