On June 17, 2020, Governor Andrew Cuomo signed S8428/A10530 and S8243-C/A10351-B into law. Collectively, in relevant part, the legislation creates N.Y. Banking Law § 9-x, which relates to residential forbearances as a result...more
6/23/2020
/ Borrowers ,
Compliance ,
Coronavirus/COVID-19 ,
Department of Financial Services ,
Executive Orders ,
Fannie Mae ,
FHA Loans ,
Financial Institutions ,
Forbearance Agreements ,
Freddie Mac ,
Ginnie Mae ,
Governor Cuomo ,
Loan Servicer ,
Loss Mitigation ,
Mortgages ,
New Legislation ,
New York ,
Relief Measures ,
State and Local Government ,
Veterans Administration
On March 7, 2020, Governor Andrew Cuomo issued Executive Order 202 declaring a state of emergency for the entire State of New York as a result of the COVID-19 pandemic. Since that time, the Governor has issued a series of...more
3/25/2020
/ Banks ,
Borrowers ,
Coronavirus/COVID-19 ,
Credit Card Surcharges ,
Eviction ,
Executive Orders ,
Financial Distress ,
Financial Services Industry ,
Forbearance Agreements ,
Foreclosure ,
Governor Cuomo ,
Moratorium ,
Mortgages ,
NYDFS ,
Overdraft Fees ,
Relief Measures