{"id":"NY-013","kind":"order","level":"state","jurisdiction":"New York","state":"NY","metro":"","industry":"","agency":"","eco":"","issuer":"Governor Andrew M. Cuomo","authority":"Executive Law 29-a; Banking Law 39","instrument":"Executive Order No. 202.9","title":"Continuing Temporary Suspension and Modification of Laws Relating to the Disaster Emergency","dateIssued":"2020-03-21","effective":"2020-03-21 (directives \u0027through April 20, 2020\u0027)","end":"Continued with the 202 series; Banking Law 39(2) suspension discontinued July 7, 2020 as \u0027superseded by statute\u0027 (ch. 112 and 126 of 2020) per EO 202.48","startDate":"2020-03-21","endDate":"2020-07-07","quarters":["2020Q2","2020Q3"],"types":["OTHER"],"addressees":["every bank subject to DFS jurisdiction","DFS-regulated mortgage servicers","the Superintendent of Financial Services"],"clause":"Subdivision two of Section 39 of the Banking Law is hereby modified to provide that it shall be deemed an unsafe and unsound business practice if, in response to the COVID-19 pandemic, any bank which is subject to the jurisdiction of the Department shall not grant a forbearance to any person or business who has a financial hardship as a result of the COVID-19 pandemic for a period of ninety days.... The Superintendent of the Department of Financial Services shall ensure under reasonable and prudent circumstances that any licensed or regulated entities provide to any consumer in the State of New York an opportunity for a forbearance of payments for a mortgage","enforcement":"Banking Law 39 (unsafe and unsound practice); DFS emergency regulation 3 NYCRR Part 119 (Ex. NY-100)","functions":["SV servicing, forbearance and collections","ML mortgage lending","CL consumer lending","BR branches (fee restrictions authorized)"],"notes":"Authorized DFS to restrict ATM, overdraft and credit-card late fees for the emergency","sourceUrl":"https://www.governor.ny.gov/news/no-2029-continuing-temporary-suspension-and-modification-laws-relating-disaster-emergency","snapshot":"https://web.archive.org/web/20200323022626/https://www.governor.ny.gov/news/no-2029-continuing-temporary-suspension-and-modification-laws-relating-disaster-emergency","fileExists":true,"fileBytes":151710,"grade":"primary","character":"","description":"","collection":"NY","url":"/library/NY-013","exhibitUrl":"/exhibit/NY-013","citation":"Governor Andrew M. Cuomo, Executive Order No. 202.9 (Mar. 21, 2020) (Ex. NY-013)","stateName":"New York","related":["NY-100","NY-004","NY-002","NY-003","NY-005","NY-012","NY-011","NY-010","NY-014","NY-015","NY-009","NY-001"]}