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New York policy

S70: Relates to mortgage loan servicers

NY Senate · Sponsor Brian Kavanagh

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
March 25, 2026

What it requires

Provides that any person who has been injured by reason of any violation of any such rules, regulations or policies as the superintendent may promulgate may bring an action in such person's own name; assert a counterclaim; or, if an action is commenced by the mortgagee or anyone acting on its behalf, bring a third party claim, against either the mortgagee and/or the mortgage servicer to enjoin any violations thereof; authorizes damages; makes related provisions.

ny-statesenatelegislationbill

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