New York State Department of Financial Services · NY
Contact Information for Notices Required by Real Property Actions and Proceedings Law § 1303
October 24, 2012
Summary
This letter clarifies the mandatory contact information required under New York RPAPL § 1303(6) for mortgage foreclosure notices. Foreclosing parties must include the Department of Financial Services website and the Foreclosure Relief Hotline in all notices provided to mortgagors and tenants.
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Industry Letter
Contact Information for Notices Required by Real Property Actions and Proceedings Law § 130
October 24, 2012
The purpose of this letter is to provide lenders, servicers, and assignees with information required under Real Property Actions and Proceedings Law (RPAPL) § 1303(6).
Effective January 14, 2010, RPAPL § 1303 requires the foreclosing party in any mortgage foreclosure action to provide notice to both mortgagors and tenants affected by the action. RPAPL § 1303(6) states that “the department of financial services shall prescribe the telephone number and web address to be included in either notice.”
Pursuant to this Section, foreclosure notices should include the following contact information for the Department of Financial Services:
Website: www.dfs.ny.gov
Foreclosure Relief Hotline: (800) 269-0990
Source: https://www.dfs.ny.gov/industry_guidance/industry_letters/il20121024_contact_info_notices
Common questions
- What does "Contact Information for Notices Required by Real Property Actions and Proceedings Law § 1303" cover?
- This letter clarifies the mandatory contact information required under New York RPAPL § 1303(6) for mortgage foreclosure notices. Foreclosing parties must…
- Which agency issued this update?
- This update was issued by New York State Department of Financial Services.
- When was it published?
- It was published on October 24, 2012.
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