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Financial Services Law Insights and Observations

New York extends moratorium on evictions and foreclosures

State Issues Covid-19 New York Evictions Foreclosure Mortgages Insurance

State Issues

The governor of New York issued Executive Order 202.28, extending through June 6 the moratorium on evictions of residential or commercial tenants for nonpayment of rent or foreclosure of a residential or commercial mortgage for nonpayment for a period of sixty days beginning on June 20. The moratorium applies only to properties owned or rented by someone that is eligible for unemployment insurance or benefits or is otherwise facing hardship due to the Covid-19 outbreak.

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