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

Galleria at Crystal Run Welcomes Two New Stores in One Month
Two new stores, Five Below and Macy's Backstage, opened at the Galleria at Crystal Run in April. Both offer goods at marked-down prices and outperformed their respective...
Read more »
Image

New York municipalities, agencies asked to use zero-emmision vehicles
Save on zero-emission Vehicles by Joining the Fourth NYS Aggregate Purchase
The Department of Environmental Conservation and the Office of General Services have released...

Read more »

Chester Historical Society hosts 'Raise the Roof and Fix the Gutters' fund raiser
— The Chester Historical Society is hosting a fund raiser, "Raise the Roof and Fix the Gutters," on Monday, May 21, from...
Read more »

Many hands made light(hearted) work
— If you are enjoying the squeaky clean streets of Chester this spring, you have these "plucky" folks to thank.
Mike...

Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers


MOST COMMENTED



Find more about Weather in Chester, NY