Yes. I'm happy to do so.
One option spelled out in the guideline is to allow for a lump sum payment to deal with the situation of negative amortization and to waive any fees or costs associated with lump sum payments. Those are typically called prepayment penalties or payment penalties.
More importantly, when dealing with amortization and the possibility of extending it on a temporary basis, there is an expectation that, one, it will be for the shortest period of time and, two, it will be accompanied by a plan to return the consumer to the original amortization period and the time will be reasonable in nature. It's also accompanied by a requirement for the consumer to have details around the long-term implications of those kinds of decisions.
The long-term financial well-being of consumers is the primary consideration, and lengthy amortizations by definition are not in the best interests of consumers. We're hoping the guideline will serve institutions and customers well to enable informed decisions to deal with the issue.