Credit: zimmytws/stock.adobe.com Foreclosure Abuse Prevention Act in a Nutshell
Adam Leitman Bailey and John Desiderio examine the background leading to the FAPA legislative amendments and how they have been construed, in recent Appellate Division decisions, where courts have been required to determine their application.
April 09, 2024 at 10:00 AM
19 minute read
Real Estate
In 2022, the New York State Legislature enacted the Foreclosure Abuse Prevention Act (FAPA), thereby amending several interrelated provisions of the Civil Practice Law and Rules (CPLR), the Real Property Actions and Proceedings Law (RPAPL), and the General Obligations Law (GOL), which affect how and when the statute of limitations may be invoked by defaulting borrowers to defeat foreclosure actions brought against them by their lenders.
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