(Albany, NY) – In an effort to help homeowners who are fighting foreclosure, State Senator Liz Krueger successfully sponsored and passed new legislation (S7798A) which would amend the New York State Foreclosure Prevention and Responsible Lending Act to further ensure that homeowners have an adequate opportunity to prevent foreclosure through fair, good-faith judiciary hearings.
In the last year, there has been a number of important developments in transportation, education, land use and housing in the 26th District that I want to make sure you are aware of. Additionally, in this newsletter, I have included some information about upcoming community events I am hosting, as well as opportunities for you and your family to get involved. I hope you find this information helpful.
You know that broken iPod you’ve got sitting around? Those busted flip phones, or that laptop with the hole in the screen?(How on Earth did that get there?) Well they’ve all got batteries in ‘em and those batteries are no good for mother nature. Thanks to new legislation, signed yesterday by Gov. David Paterson and sponsored by Sen. Liz Krueger and Assemblyman Brian Kavanagh, electronics manufacturers will be required under state law to work with retailers to set up convenient recycling programs for those sorts of batteries. The goal is to keep those toxic batteries out of landfills.
(Albany, NY) – Last week, the Senate passed Legislation introduced by Senator Krueger, which will help crack down on illegal activity linked to identity theft. Under the new law, if a crime is committed in connection with identity theft, the courts will have the jurisdiction to hear the crimes together. The bill passed the Senate with overwhelming support and is now being sent to the Assembly where it is sponsored by Joe Lentol (D-Brooklyn), Chair of the Codes Committee.
Albany, NY – State Senator Liz Krueger (D-Manhattan) today announced the passage of her legislation permanently banning “yield spread premiums” in New York State (S. 886). This practice created perverse incentives in the mortgage market, fleecing families and creating instability in the nation’s financial system, ultimately contributing to the national mortgage foreclosure crisis.