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April 9, 2020

National Mortgage News

Stroock’s Quyen Truong was featured in a recent article in National Mortgage News titled “5 Under-Recognized Effects of the Coronavirus Mortgage ‘Payment Holiday,’” which considers the impact of the CARES Act on mortgages.

Looking specifically at the temporary amendments to the Fair Credit Reporting Act (FCRA) pertaining to mortgages, Quyen notes that “the servicer cannot charge extra interest, fees or penalties for that accommodation nor report it adversely to credit bureaus."

Click here to read the full article.