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A03538 Summary:

BILL NO    A03538 

SAME AS    No same as 

SPONSOR    Camara (MS)

COSPNSR    Castro, Scarborough

MLTSPNSR   Clark

Amd S1303, RPAP L; add S92-h, St Fin L

Enacts the "foreclosure prevention act of 2011"; establishes that before any
mortgagee may accelerate the maturity of any eligible mortgage obligation,
commence any legal action including mortgage foreclosure, or take possession of
any security of the mortgage debtor for such mortgage obligation that such
mortgagee shall give the mortgagor notice; authorizes the commissioner of the
state division of housing and community renewal to enter into contracts with
neighborhood preservation companies to provide temporary homeownership
assistance activities; gives notice to mortgagors of foreclosure prevention
activities and payments; creates the New York state foreclosure prevention
fund.
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