What's New? COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020

Governor Andrew M. Cuomo has signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020. The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. The Act adds to New York State's efforts to protect tenants and homeowners from the economic hardship incurred as a result of the COVID-19 pandemic.

The legislation helps mortgagors facing foreclosure proceedings due the pandemic in three areas:

Residential Foreclosure Proceedings

Tax Lien Sales

Credit Discrimination and Negative Credit Reporting

For details, please visit The Gold Book.