Governor Cuomo Signs Legislation Enacting Sweeping Protections for Homeowners

Posted to Applied Web NY on Wed, 08/14/2019 - 13:37

Governor Andrew M. Cuomo today signed three measures enacting a package of sweeping homeowner protections. The legislation includes enhancing consumer protection measures and closing loopholes to prevent deed fraud and mortgage scams (A.5615/S.1688); requiring banks to continue paying homeowner's association fees on zombie properties that are part of a co-op (S.4182/A.1800); and safeguarding homeowners by reforming the obligations of banks and financial institutions during sale of a mortgage (A.92A/S.5017A).

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