The Foreclosure Prevention, Tenant Protection and Property Maintenance Act of 2009
Chapter 507 of the Laws of New York, 2009
January 16, 2010
On December 15, 2009, Governor Paterson signed into law comprehensive legislation that the New York State Legislature had passed in November, referred to as the Foreclosure Prevention, Tenant Protection and Property Maintenance Act of 2009. The law extends protections previously in law for homeowners with subprime and nontraditional loans to all homeowners in danger of losing their homes. Read More

NYRL Supports Immediate Passage of Legislation to Prevent Foreclosures
November 16, 2009
New Yorkers for Responsible Lending statement in support of Governor's program bill #46 that would improve and expand the foreclosure settlement conference process and the 90-day pre-foreclosure notice requirement, provide crucial protections for tenants in foreclosed properties, and protect neighborhoods with high rates of foreclosure by mandating that lenders maintain foreclosed properties. Read More

Consumer Financial Protection Agency Required Now
November 2, 2009
As Congress takes up the issue of financial reform this fall, it should pass legislation creating a Consumer Financial Protection Agency (CFPA) to protect consumers from abusive financial products. Read More

Foreclosure Prevention: State and Federal Update
August 13, 2009
It’s not like anyone needs to read another article these days about foreclosures and what they are doing to our economy. New York State, however, has taken unprecedented steps to address the problem, as has President Obama’s administration. Read More