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BILL S6459-2011: Establishes the New York state mortgage settlement fund to consist of monies obtained by the state as a result of settlement with mortgage servicers
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. /
Sponsor: SMITH Committee: FINANCE
Sponsor: SMITH Committee: FINANCE
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