Judicial News
New Law – Defense of Lack of Standing Not Waived
New Law – Section 1302-A of RPAPL Defense of Lack of Standing Not Waived Section 1302 of the RPAPL has been amended to include a new sub-section 1302-A. The result of the revised law is to prohibit a defendant from waiving the defense that the plaintiff lacks standing to bring the foreclosure action. This prohibition […]
Re: New York Insurance Regulation 208
In October 2017, the New York State Department of Financial Services (“NYSDFS”) published Regulation 208, Title Insurance Rates, Expenses and Charges, which became effective on December 18, 2017. In July 2018, the Supreme Court ruled in favor of the NYSLTA, invalidating Regulation 208 in its entirety. After two separate appeals, on December 26, 2019, the Appellate […]
Update to Law Requiring Full Disclosure of LLC Members
This is an update to a prior notice regarding Tax Law Section 1409 and the requirements involving transactions where the purchaser or seller is a Limited Liability Company (LLC). New York State has recently amended their website by removing “condominium units” from property types that are required to disclose all “Natural Persons” associated […]
New Law Requires Full Disclosure of LLC Members
New Tax Law Section 1409 Requirements for TP-584 and NYC RPT Forms The New York State Legislature and New York City Council recently adopted provisions to Section 1409 of the New York State Tax Law and Section 11-2105 of The New York City Administrative Code. The provisions apply to all transfers of 1-4 family dwellings […]
The School Tax Relief (STAR) Program 2019
In recent years New York’s Legislature has taken several steps to change the way the popular STAR tax program is administered. The State has continued to implement a series of modifications to how New Yorkers receive their rebates. New York has been moving away from providing STAR as an upfront savings on School Tax bills. […]
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