Increases fee amount authorized to be imposed on mortgagees or their agents.
New York S07933 amends the real property actions and proceedings law to increase the registration fee for residential mortgages in default. The bill allows local laws, ordinances, or resolutions to impose a registration fee not exceeding three hundred dollars annually. Mortgagees and their agents are prohibited from passing these fees onto the mortgagor in default. The changes take effect immediately.
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