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S02195 Summary:
| BILL NO | S02195 |
| SAME AS | SAME AS A06079 |
| SPONSOR | KAVANAGH |
| COSPNSR | KAMINSKY |
| MLTSPNSR | |
| Add 9-y, Bank L | |
| Relates to authorizing commercial mortgage forbearance during the COVID-19 pandemic; requires New York regulated institutions to make applications for forbearance available to qualified commercial mortgagors and to grant such forbearance for a period of ninety days, subject to the safety and soundness requirements of the regulated institution. | |