Governor Cuomo Requires 90-Day Mortgage Relief and Additional Hardship Measures

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The State will require 90-day mortgage relief, waiving payments based on financial hardship. There will be:

  • No negative impacts on credit scores.
  • A grace period for loan modifications – waived payments will be addressed “on the back end.”
  • No late-payment or online-payment fees.
  • The postponement/suspension of foreclosures.
  • The State will suspend fees for overdrafts, ATMs, and credit cards.