; or (B) extends the term of the mortgage loan, and capitalizes, defers, or forgives all escrow advances and other arrearages, without the charging of any fees or penalties beyond interest on any amount capitalized into the loan principal, shall be deemed to comply with the requirements of paragraph (1)(B). (6) Home retention options for certain reverse mortgage loans (A) In general For a covered mortgage loan which is also a federally insured reverse mortgage loan, a servicer’s conduct shall be deemed to comply with this section provided that if the loan is eligible to be called due and payable due to a property charge default, the mortgagee shall, as a precondition to sending a due and payable request to the Secretary or initiating or continuing a foreclosure process— (i) make a good faith effort to communicate with the borrower regarding available home retention options to cure the property charge default, including encouraging the borrower to apply for home retention options; and (ii) consider the borrower for all available home retention options as allowed by the Secretary. (B) Permissible repayment plans The Secretary shall amend its allowable home retention options to permit a repayment plan of up to 120 months in length, and to permit a repayment plan without regard to prior defaults on repayment plans. (C) Limitation on interest curtailment The Secretary may not curtail interest paid to mortgagees who engage in loss mitigation or home retention actions through interest curtailment during such loss mitigation or home retention review or during the period when a loss mitigation or home retention plan is in effect and ending 90 days after any such plan terminates. . (B) Amendment to Housing Act of 1949 Section 505 of the Housing Act of 1949 ( 42 U.S.C. 1475 ) is amended— (i) by striking the section heading and inserting Loss Mitigation and Foreclosure Procedures