QUICK LINKS:

NY Legislature passes foreclosure protection bill

Created: 06/11/2014 6:27 AM WHEC.com
By: Associated Press

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 Tuesday. 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.





News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.

Rochester

Scattered Clouds
83°
84° | 64°
  • Feels like: 85° F
  • Wind: SSW 5mph
  • Humidity: 58%
  • Tue Scattered thunderstorms possible
    80° | 65°
  • Wed Mainly sunny
    79° | 60°
  • Thu Mostly sunny
    85° | 57°
  • Fri Morning thunderstorms
    88° | 62°