NY Legislature passes foreclosure protection bill


Make text smaller Make text larger



Photos




ALBANY — Legislation extending a series of protections for homeowners facing foreclosure is heading to Gov. Andrew Cuomo.

Under the bill, lenders will have to give homeowners 90 days' notice of foreclosure and offer mandatory settlement conferences.

The protections were first enacted in 2009 but were set to expire in February unless lawmakers voted to extend them.

The New York state Senate passed the measure June 10. The Assembly passed the bill last week.

Senate co-leader Jeffrey Klein, a Democrat, says the requirements in the bill are critical to helping the nearly 30,000 New York City homeowners facing foreclosure.


Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Image Some common misconceptions about swimming pool safety
— Ugh, regulations. Who doesn't hate regulations?
But maybe we should start calling them "protections," as that would...
Image The Chronicle wins first place in National Newspaper Contest
The National Newspaper Association recognized The Chronicle’s Legoland stories as the Best Business Series in 2016.
The award-winning series, written by Chronicle...
Image Broadway's 'Little Mermaid' to teach young dancers in Chester
— The closing of the Sugar Loaf Performing Arts Center has left dancers and other performers without a local venue.
The...
No longer the hot new thing? Teen vaping falls, study says
(AP) Teen vaping, which has been skyrocketing, fell dramatically last year in the United States.
A new government survey suggests the number of high school and middle school...

VIDEOS



Sign up to get our newsletter emailed to you every week!

  • Enter your email address in the box below.
  • Select the newsletters you would like to subscribe to.
  • Click the 'SUBSCRIBE' button.



MOST COMMENTED



Click on the ad above to print your coupon!
Find more about Weather in Chester, NY