Video: Senator Kavanagh's Floor Speech on Mortgage Relief Bill

On May 27, 2020, the Senate passed bill S.8243C, Senator Kavanagh’s legislation that will require New York State regulated banking institutions to grant homeowners who experience a financial hardship during the COVID-19 emergency 180 days of mortgage forbearance, with the option for an additional 180 days if the hardship continues. On May 28, the Senate passed an amendment to include additional provisions that resulted from negotiations among the Senate, the Assembly, and the Governor’s office.

Senator Kavanagh spoke on the floor about the legislation on the evening of the 28th. Watch his speech here.