How long can a moratorium be extended to?

How long can a moratorium be extended to?

• A. 6 months.
• B. 12 months.
• C. 24 months.
• D. There is no extension.

Answer: (B)

A moratorium extension is capped at a one-year period. This design gives relief for a definite time while ensuring regular review, rather than allowing indefinite deferral. So you can have the moratorium extended for up to twelve months at a time, and if more time is still needed you’d apply for another extension (again up to twelve months). The shorter option isn’t the maximum, the longer option would exceed the allowed single-extension limit, and there is indeed an extension option, so “no extension” isn’t correct.

A moratorium extension is capped at a one-year period. This design gives relief for a definite time while ensuring regular review, rather than allowing indefinite deferral. So you can have the moratorium extended for up to twelve months at a time, and if more time is still needed you’d apply for another extension (again up to twelve months). The shorter option isn’t the maximum, the longer option would exceed the allowed single-extension limit, and there is indeed an extension option, so “no extension” isn’t correct.