Gov. Andrew Cuomo’s foreclosure and mortgage moratorium is little more than a strong suggestion to lenders. At a Thursday press conference, Cuomo touted the suspension, saying, “if you are not working, or working only part-time, we will have banks and financial institutions waive mortgage payments for 90 days.” But guidance issued by the Department of Financial Services several hours later reveals that the department would only “urge” lenders to “do their part” by suspending mortgage
source https://therealdeal.com/2020/03/20/cuomos-foreclosure-mortgage-moratorium-has-no-teeth/
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