Issues: Foreclosure

The NYS Department of Financial Services (DFS) is setting new rules to speed the processing of insurance claims in areas affected by Storm Sandy. The new regulation reduces the amount of time an insurer can delay its decision on a claim, and requires insurers to report to the Department on how many claims it is delaying and the reasons for the delays.

Governor Andrew M. Cuomo unveiled the proposed 2013-14Executive Budget and Management Plan that builds on two years of balanced, fiscally responsible budgeting and invests in economic development, education reform, rebuilding after Superstorm Sandy, provides support to local governments and school districts, and includes no new taxes or fees.

Highlights of the Executive Budget:

· Eliminates $1.3 billion budget gap with no new taxes or fees. The expected gap for 2013-14 was projected to be $17.4 billion prior to the last two responsible budgets.

· Holds spending increases below 2 percent for third consecutive year.

     Senator Charles J. Fuschillo, Jr. (R-Merrick) is partnering with the New York State Department of Financial Services (DFS) to help provide services to homeowners facing foreclosure.

     Senator Fuschillo has arranged with DFS to bring its Mobile Foreclosure Relief Center to Copiague on Friday, August 10th. The Mobile Center will be stationed in front of the Copiague Library, located at 50 Deauville Boulevard in Copiague, from 11 am to 7 pm to assist residents in danger of losing their homes.