How much chaos might a three-sentence bill that was quietly passed by the New York State legislature sow on the real estate lending industry? Potentially plenty.
On June 13, 2025, a bill passed by the New York Assembly (A....more
8/7/2025
/ Borrowers ,
Commercial Mortgages ,
Commercial Real Estate Market ,
Constitutional Challenges ,
Contract Terms ,
Lenders ,
Loans ,
Mortgages ,
New Legislation ,
New York ,
Real Estate Transactions ,
State Legislatures ,
Unenforceable Contract Terms
In the wake of two bank failures last week, the Federal Deposit Insurance Corporation (“FDIC”) was appointed as receiver for each failed bank (“Receiver”). The Receiver subsequently transferred all deposits (both insured and...more
The Coronavirus Aid, Relief, and Economic Security Act (commonly referred to as the “CARES Act”) was enacted on March 27, 2020. The CARES Act is a nearly $2 trillion stimulus package aimed at combating the economic impact...more