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S06459 Summary:

BILL NO    S06459 

SAME AS    No same as 

SPONSOR    SMITH

COSPNSR    HUNTLEY, OPPENHEIMER

MLTSPNSR   

Add S97-llll, St Fin L

Establishes the New York state mortgage settlement fund to consist of monies
obtained by the state as a result of settlement with mortgage servicers to be
used to compensate eligible homeowners who have been injured by foreclosure
abuses; provides that homeowners eligible to receive compensation as a result
of such settlement may elect certain bases for calculating such compensation;
provides that eligible homeowners may request treble damages.