Proposed Loan Forgiveness for Special Community Disaster Loans

The Federal Emergency Management Agency has proposed an amendment to its Special Community Disaster Loan (CDL) regulations to include loan forgiveness procedures and requirements for governments who received Special Community Disaster Loans to apply for cancellation of loan obligations.

• NPRM: Special Community Disaster Loans Program

Submit Comments

FEMA is seeking comments from state and local officials, as well as the public, on the proposed forgiveness procedures. 

Comments should be submitted

• under docket ID FEMA-2005-0051 at www.regulations.gov
• to FEMA-RULES@dhs.gov or
• by mail to FEMA’s Office of Chief Counsel, Room 835, 500 C Street, SW, Washington, D.C. 20472. Please note that comments submitted via mail typically experience a two-week delay. 

The comment period closed June 2, 2009. View the rule and posted comments at regulations.gov. Reference Docket ID FEMA-2005-0051 in your search.

Once comments are adjudicated, FEMA will issue a final regulation establishing the Special CDLs forgiveness procedures. FEMA cannot begin accepting forgiveness applications or begin forgiving loans until that final rule goes into effect.