CLIENT ALERT- COVID-19 Schiller, Knapp, Lefkowitz & Hertzel, LLP (NY, NJ, PA)

• By: ALFN
• On: 05/12/2020 09:41:48
• In: COVID-19

Click below to view full orders. 

• NJ – A4034 (Introduced, but not yet passed or signed by the Governor)

  • Authorizes the Governor to permit mortgage forbearance and rent payment responsibility reduction for residential property owners and tenants during emergency circumstances; concerns consumer reporting during coronavirus pandemic.

• NJ – S2330 (Introduced, but not yet passed or signed by the Governor)

  • Governs credit reporting and debt collection as they relate to the COVID-19 pandemic for a period of 90 days following the end of the public health emergency, as outlined in Executive Order 103, or extended until December 1, 2020, whichever date is sooner.

• NJ – Executive Order 138

  • Signed on May 6 by the Governor, the order is extended for 30 additional days.

• NY – Executive Order 202.28

  • The Firm is working with the New York chapter of the Mortgage Banker's Association to gain clarity on this Executive Order. This will be communicated as soon as clarity is received.

  • As the order is currently written, “no initiation of a proceeding or enforcement of either an eviction of any residential or commercial tenant, for nonpayment of rent or a foreclosure of any residential or commercial mortgage, for nonpayment of such mortgage, owned or rented by someone that is eligible for unemployment insurance or benefits under state or federal law or otherwise facing financial hardship due to the COVID-19 pandemic for a period of sixty days beginning on June 20, 2020”

• NY – A10351 (Introduced but not yet passed or signed by the Governor)

  • Assigned as a “same as” bill, matches S8243 which the Firm distributed on May 5, 2020.

  • Relates to the forbearance of residential mortgage payments; requires New York regulated banking organizations to make applications for forbearance for residential mortgages available to qualified mortgagors as a result of the COVID-19 pandemic and to grant such applications for a period of 180 days

• NY - Administrative Order-87-20

  • Contains Electronic Document Delivery System (EDDS) procedures for use throughout the COVID-19 pandemic.

  • Expands on NYSCEF filings for essential and non-essential matters, including Foreclosure motions.

• PA – Executive Order

  • Prohibits the following until their respective dates:

    • Writs of Possession until 6/1/2020

    • Act 6 and Act 91 Notices until 7/10/2020

    • Landlord/Tenant Eviction Notices until 7/10/2020