California · Military and Veterans Code - MVC
MVC §804: During the period specified in Section 800, the reservist may defer the payment of principal and interest on the specified obligations.
What this law says, in plain English
A reservist may postpone paying principal and interest on specified obligations during a period defined in Section 800.
Read the full statutory text
During the period specified in Section 800, the reservist may defer the payment of principal and interest on the specified obligations. No penalties shall be imposed on the nonpayment of principal or interest during this period. No interest shall be charged or accumulated on the principal or interest on which the payment was delayed. No foreclosure or repossession of property shall take place during the period of deferment unless otherwise ordered by a court or agreed to by the parties to the obligation.
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