As used in this chapter, "foreclosure prevention agreement" means a written agreement that:

1. (1) is executed by both the creditor and the debtor; and

2. (2) offers the debtor an individualized plan that may include:

   1. (A) a temporary forbearance with respect to the mortgage;
   2. (B) a reduction of any arrearage owed by the debtor;
   3. (C) a reduction of the interest rate that applies to the mortgage;
   4. (D) a repayment plan;
   5. (E) a deed in lieu of foreclosure;
   6. (F) reinstatement of the mortgage upon the debtor's payment of any arrearage;
   7. (G) a sale of the property; or
   8. (H) any loss mitigation arrangement or debtor relief plan established by federal law, rule, regulation, or guideline.

As added by P.L.105-2009, SEC.20.