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Financial Services Law Insights and Observations

Alaska calls for moratorium on foreclosures and evictions as part of a broader state bill

State Issues Covid-19 Alaska Foreclosure Mortgages Auto Finance

State Issues

On April 10, Alaska enacted into law legislation that extended a moratorium on foreclosures, evictions, and repossessions, and also called for forbearance plans pertaining to specific state loans. The bill extended the governor’s March 11 executive order declaring a state of emergency and imposed temporary changes to state laws and regulations in response to the Covid-19 crisis. Legislative action was required to extend the governor’s executive order beyond 30 days.

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