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NY A10532

Bill

Status

Introduced

5/28/2020

Primary Sponsor

Rodneyse Bichotte Hermelyn

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

Legislative Description

Relates to the forbearance of residential and commercial investment property mortgage repayments; requires New York regulated banking organizations to make applications for forbearance for residential and commercial investment property mortgage repayments available to qualified mortgagors during the period in which the NY on PAUSE order is in effect in the county wherein the qualified mortgagor holder is located and to grant such applications for a period of 180 days.

Last Action

ordered to third reading rules cal.329

7/22/2020

Committee Referrals

Rules7/17/2020
Codes7/13/2020
Banks5/28/2020

Full Bill Text

No bill text available