# Forbearance Agreement

**IRI:** https://folio.openlegalstandard.org/R7ISt5mBRRPmYrtcTJUcUXc

## Labels

## Definition

A Forbearance Agreement is a temporary modification to a loan contract that allows a borrower to reduce or suspend payments due to financial hardship. The agreement outlines the duration of the forbearance, any fees involved, and the terms under which regular loan payments will resume.

## Sub Class Of

- https://folio.openlegalstandard.org/R7ddsah86bL3tQ5OmO9B7PB

**Deprecated:** False