Update: As noted, New York State enacted Banking Law ยง9-x on June 17, 2020 as a means of providing forbearance relief to mortgagors that were experiencing financial hardship as a result of the COVID-19 pandemic. Recently,...more
Newly enacted Banking Law 9-x, signed by New York Gov. Andrew Cuomo on June 17, 2020, provides certain financial institutions with a directive to address mortgage forbearances and repayment of deferred amounts granted during...more
The COVID-19 crisis has resulted in a state and federal response to provide immediate assistance to those individuals that have experienced financial hardship from the global pandemic.
In New York State, Governor Cuomo...more
The state of emergency declared by both New York state and the Federal government due to the COVID-19 pandemic has caused significant economic disruptions for many businesses. We are all aware that these disruptions in turn...more