Senator Kevin Thomas, Chair of NYS Consumer Protection Committee, Calls on Federal Government to Enact Legislation to Protect Homeowners and Renters During State of Emergency
(Garden City, NY) — New York State Senator Kevin Thomas, who serves as Chairman of the Consumer Protection Committee, wrote a letter to United States Senator Charles Schumer urging the federal government to take action to better protect homeowners and renters whose incomes have been impacted by COVID-19.
A record number of New Yorkers have found themselves temporarily without a job or with reduced income as a result of COVID-19, and yet are still required to meet financial obligations like mortgage payments and rent. As the public health emergency continues, New Yorkers need stronger protections against foreclosure and eviction.
“There needs to be action at the federal level to truly protect New Yorkers. The CARES Act was not enough,” Senator Thomas wrote.
In the letter, Senator Thomas urged the federal government to enact legislation that includes mortgage payment forgiveness and restrictions on evictions in cases where nonpayment was caused by a reduction in income. The Senator also called for clear guidance on mortgage repayment after the moratorium is lifted, strong oversight authority from the Consumer Financial Protection Bureau (CFPB), and a moratorium on foreclosures for the duration of the state of emergency.
“No one should lose their housing during a public health crisis,” Senator Thomas added.
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