ALERT: Changes in New York

February 28, 2020/in Updates/by Adan Gutierrez

A new law will go into effect on March 5, 2020 in New York. It will require that a borrower on a HECM Reverse have their attorney present at the closing. Here are some links that your borrower’s may find helpful in the event they do not currently have an attorney.

New York State Bar Assoc.

https://www.nysba.org/lawyerreferral/

800-342-3661

New York State Unified Court System

http://iapps.courts.state.ny.us/attorney/AttorneySearch

212-428-2800

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