Landmark legislation that protects homeowners and communities from the ongoing foreclosure crisis has been signed into law, Senator Craig M. Johnson, (D-Nassau), announced.
“This measure not only assists homeowners against unscrupulous lenders and uncooperative banks, but just as importantly, it helps protect their neighbors and neighborhoods from the ripple effects of a foreclosure crisis that they had no direct involvement with,” Senator Johnson said.
The legislation, many aspects of which originated in the Senate, puts into place tough new provisions that: