N.Y. Department of Financial Services Issues Emergency Regulation Requiring Relief to Those Demonstrating Hardship From Covid-19
March 25, 2020
March 25, 2020
ALBANY, New York, March 25 -- The New York State Department of Financial Services issued the following news release:
The Department of Financial Services (DFS) issued an emergency regulation requiring that, during a specified time, New York State regulated financial institutions provide residential mortgage forbearance on property located in New York for a period of 90 days to any individual residing in New York who demonstrates financial hardship as a result of the COVID-19 pandemi . . .
The Department of Financial Services (DFS) issued an emergency regulation requiring that, during a specified time, New York State regulated financial institutions provide residential mortgage forbearance on property located in New York for a period of 90 days to any individual residing in New York who demonstrates financial hardship as a result of the COVID-19 pandemi . . .