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S06459 Summary:

BILL NOS06459
 
SAME ASNo same as
 
SPONSORSMITH
 
COSPNSRHUNTLEY, 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.
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