Bruce J. Bergman Passed Bill Threatens Home Loan Foreclosures
Bruce Bergman discusses why Bill 2502-A, which amends RPAPL §1302, appears to be an error and "will likely render impossible both the making of home loan mortgages and the foreclosure of such mortgages."
July 13, 2021 at 11:00 AM
9 minute read
Bill 2502-A, which amends RPAPL §1302, may very well have had benign intentions, but the end result will likely render impossible both the making of home loan mortgages and the foreclosure of such mortgages. While this may sound like hyperbole, a careful examination of the changes will provide an explanation.
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