News

News

NYDFS RELEASES FINAL RULE FOR VACANT AND ABANDONED PROPERTY

On  December 7, 2016 the New York State Department of Financial Services released the Final Rule pretaining to vacant and abandoned property. The legislation is effective on December 20, 2016. The New…

NYS 2016 Budget Reinstates the Refund of the Special Additional Mortgage Recording Tax

On Friday evening, April 1, 2016 the New York State Budget was passed. The budget included the following language: PART LL “Section 1. Paragraph (b) of subdivision 9 of section 210-B…