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New York announces consumer bill of rights for foreclosures
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Industry News, Legislative Developments
Monday, December 12, 2016
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New York Gov. Andrew M. Cuomo announced the Department of Financial Services has published a Consumer Bill of Rights for New Yorkers facing foreclosure. Additionally, DFS has also finalized a regulation protecting communities from the blight of “zombie properties” by requiring banks and mortgage servicers to report and maintain vacant and abandoned properties.
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