Relates to the forbearance of residential mortgage payments
Summary
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 during the period in which the NY on PAUSE order is in effect in the county wherein the qualified mortgagor is located and to grant such applications for a period of 180 days.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2020
Committee Review
May 2020
Senate Passage
May 2020
Assembly Passage
May 2020
Signed into Law
Jun 2020
Introduced Apr 27, 2020
Signed Jun 17, 2020
Floor votes · Senate May 27, 2020 · Assembly May 27, 2020
How they voted
61–0
Passed
Total votes 61
May 27, 2020
D
Democratic39
100% Yea
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
19
Key actions
6
Committee
7
Amendments
3
Jun 17, 2020
Signed into law
SIGNED CHAP.112
upper
May 27, 2020
Lower · Passed
PASSED ASSEMBLY
lower
May 27, 2020
Committee
REFERRED TO CODES
lower
May 27, 2020
Upper · Passed
PASSED SENATE
upper
May 26, 2020
Committee
REPORTED AND COMMITTED TO RULES
upper
May 24, 2020
Committee
COMMITTEE DISCHARGED AND COMMITTED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
May 24, 2020
Upper · Passed
PRINT NUMBER 8243C
upper
May 24, 2020
Committee
AMEND AND RECOMMIT TO BANKS
upper
May 22, 2020
Upper · Passed
PRINT NUMBER 8243B
upper
May 22, 2020
Committee
AMEND AND RECOMMIT TO BANKS
upper
May 4, 2020
Upper · Passed
PRINT NUMBER 8243A
upper
May 4, 2020
Committee
AMEND AND RECOMMIT TO BANKS
upper
Apr 27, 2020
Committee
REFERRED TO BANKS
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about S 8243
Scope: NY
Hi! I can help you understand S 8243. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline