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Loans Governor Cuomo

Alston & Bird

New York Laws Require Forbearance for Private Mortgage Loans During COVID Emergency

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A&B ABstract - On June 17, 2020, New York Governor Andrew Cuomo signed into law two measures, effective immediately, providing for mortgage forbearances for privately backed residential mortgage loans during the COVID-19...more

Rivkin Radler LLP

NYS Offers Forbearance to Borrowers, NYC Allows Penalty Waivers

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On March 21, 2020, Governor Cuomo issued Executive Order 202.9, which is in effect through April 20, 2020. The order provides financial relief to consumers and businesses with outstanding bank loans....more

Dechert LLP

COVID-19 Coronavirus: New York State, Executive Orders 202.8 and 202.9 Impacting New York State Litigation and Businesses

Dechert LLP on

On March 20 and 21, 2020, New York Governor Andrew M. Cuomo signed Executive Orders 202.8 and 202.9 as part of a series of executive orders attempting to stem the damage brought about by the coronavirus health crisis....more

Rivkin Radler LLP

Coronavirus Update – Workforce Reduction and Litigation Impacts

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In recent days, the State of New York has instituted a number of emergency measures affecting business professionals. All employers in New York State providing non-essential services have been directed to reduce their...more

Locke Lord LLP

New York Limits Interest Rates on Loans to New York-based Military Personnel

Locke Lord LLP on

Since 2005, banks have continued to provide certain military service members with loans that require payment of interest far beyond the 16% New York state cap under what has become known as the “Fort Drum Loophole.” The...more

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