Forbearance for borrowers of multifamily mortgages

Mar 13, 2020

The initial forbearance period is to span 30 days, with the possibility of two additional 30-day extensions. As long as the forbearance lasts, landlords cannot evict tenants for nonpayment of rent or charge late fees. 

Moreover, during the forbearance period, multifamily mortgage borrowers should suspend the issuance of new eviction notices and provide a month to residents already with such notifications to vacate their units. 

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