![Senator Headshot](/sites/default/files/styles/4_3_small/public/briankavanaghsenatorspage.jpg?itok=BNBYvv9d)
Governor Signs COVID-19 Home Mortgage Forbearance Legislation
June 17, 2020
![S8243C](/sites/default/files/styles/760x377/public/article/main-image/s8243c.jpg?itok=NjLqo8vh)
On June 17, 2020, Governor Andrew Cuomo signed legislation, sponsored by Senator Kavanagh as well as Senator Todd Kaminsky and Assemblymember Nily Rozic, and co-sponsored by dozens of their collegaues, that expands mortgage forbearance available for those experiencing financial hardship during the COVID-19 crisis who have mortgages with state-regulated financial institutions. The new law creates what appears to be the strongest COVID-19 hardship forbearance available pursuant to statute in the United States, with up to one year of forbearance if the hardship persists and flexible payment options for the borrower.