New York S07413 requires homeowners' associations or condominium boards to provide a 90-day notice before initiating foreclosure for unpaid common.

New York S07413 amends the real property law and the real property actions and proceedings law to mandate that homeowners' associations or condominium boards must notify unit owners at least ninety days before starting a foreclosure action to enforce a lien for unpaid common charges, assessments, fines, or fees. The notice must be in fourteen-point type, include the property address, and specify the amount due. This applies to actions commenced after the bill's effective date.

New York S07413 requires homeowners' associations or condominium boards to provide a 90-day notice before initiating foreclosure for unpaid common.

New York S07413 amends the real property law and the real property actions and proceedings law to mandate that homeowners' associations or condominium boards must notify unit owners at least ninety days before starting a foreclosure action to enforce a lien for unpaid common charges, assessments, fines, or fees. The notice must be in fourteen-point type, include the property address, and specify the amount due. This applies to actions commenced after the bill's effective date.