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The legislation, awaiting the governor’s signature, overturns a state court ruling that made it easier for lenders to restart the six-year statute of limitations timeline. ....
As expected, the New York State Senate on Tuesday easily passed a controversial bill aimed at foreclosure reform. The vote was 52 to 10 in favor of the measure. The New York Foreclosure Abuse Prevention Act passed the assembly in March and is expected to be signed into law by Gov. Kathy Hochul. ....