News

NY Legislature passes foreclosure protection bill

NY Legislature passes foreclosure protection bill

ALBANY, N.Y. (AP) — 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.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Headlines

in Music

Megadeath drummer quits

Fresh
megadeath

Shawn Drover has quit the group after 10 years.

in Music

Bon Jovi is ‘hard-pressed’ to let Sambora back in the band

bonjovi

Jon Bon Jovi appears to have severed ties with former bandmate Richie Sambora.

in Music

Phil Rudd arrives late to court with bizarre antics

philrudd

The former AC/DC drummer's "dirty deeds" just keep piling up.

in Sports, Weird

50 years later, skating team claims Olympics bronze

skating

Fifty years after Vivian and Ronald Joseph skated at the Innsbruck Olympics, the American pair officially got their medals.

in Viral Videos

WATCH: The turkey production line

20-overlay4

Ever wonder how that turkey makes it to your table?