Requires the commissioner of the department of taxation and finance to establish and maintain a system for use by the clerk of each county in the state outside of the city of New York that provides the ability for the clerk to send notification to any interested party that a deed-related or mortgage-related document affecting such party's interest in real property located in the state has been recorded against such property with the office of the clerk of the county in which the real property is situated; provides for registration for notification by interested parties.
Enacts the "homeowner fraud protection and property alert act"; relates to establishing a statewide electronic property recording alert system to allow property owners to receive notification when an instrument affecting their property is recorded in the official records of any county; establishes the county recording modernization fund.
Enacts the "homeowner fraud protection and property alert act"; relates to establishing a statewide electronic property recording alert system to allow property owners to receive notification when an instrument affecting their property is recorded in the official records of any county; establishes the county recording modernization fund.
Updates the fee collected by county clerks and clerks for the city of New York for deposit into the cultural education account from $15 to $30; increases the amount retained by the county or city from $0.75 to $1.00.
Updates the fee collected by county clerks and clerks for the city of New York for deposit into the cultural education account from $15 to $30; increases the amount retained by the county or city from $0.75 to $1.00.
Establishes a private right of action for deed theft; provides that victims of deed theft may maintain an action against a deed thief or a bank that provides a loan that assists in the commission of deed theft; authorizes victims of deed theft to recover actual damages, treble damages and attorneys' fees; defines terms.
Establishes a private right of action for deed theft; provides that victims of deed theft may maintain an action against a deed thief or a bank that provides a loan that assists in the commission of deed theft; authorizes victims of deed theft to recover actual damages, treble damages and attorneys' fees; defines terms.
Establishes the senior homeowner foreclosure and rehabilitation revolving loan program to permit the New York state mortgage agency to make low-interest loans, deferred payment loans, or forgivable loans, or a combination thereof, to eligible senior homeowners for eligible assistance; directs SONYMA to prioritize senior homeowners at imminent risk of foreclosure; properties with essential systems in need of immediate repair or replacement, including heating and boilers; and senior homeowners with documented financial hardship that limits their ability to maintain the property or make mortgage payments.