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.
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