New York Foreclosure Single Point of Contact

November 18, 2021

New York Assembly Bill 1935 amends New York banking law to require lenders to provide borrower's who are sixty days or more delinquent with a single point of contact within ten business days of receipt of a written request from the borrower; effective on the sixtieth day (January 2, 2022) after it became law (November 3, 2021) and shall apply to home loans entered into on or after such effective date.

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