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Financial Services Law Insights and Observations

Florida suspends mortgage foreclosures and certain evictions for 45 days

State Issues Covid-19 Florida Mortgages Foreclosure

State Issues

On April 2, the Florida governor issued an executive order suspending and tolling any statute providing for (i) a mortgage foreclosure cause of action under Florida law for 45 days and (ii) an eviction cause of action under Florida law solely as it relates to non-payment of rent by residential tenants due to the Covid-19 emergency for 45 days.