Make Sure Your Vendor Cybersecurity Policies And Procedures Are Up To Snuff
The final step in the two-year phase-in of the DFS cybersecurity regulations came in March 2019, when Secti...
Can You Get Liquidated Damages and Also Actual Damages On Account Of Delay?
Liquidated damages (LD’s) are pre-determined damages which the parties agree must be paid in the event of a...
Foreclosing Lenders Are Now Required To Pay HOA Or Coop Fees On Abandoned “Zombie” Properties
The New York State legislature enacted Chapter 168, of the laws of 2019, effective August 14, 2019, that am...
Zombie Coop Units Get Some Protections Applicable To Zombie Houses
Effective August 14, 2019, New York law was amended to require holders of loans on abandoned residential co...
Scams, Scams, and More Scams
A business customer comes to a bank, opens an account with copies of corporate papers proving incorporation...
Don't Forget Your Annual Zombie Housing Law Exemption Filing
New York’s Zombie Housing Law requires, in general terms, foreclosing mortgagees to maintain and secure 1-4...
Why Should I Worry About The European Union’s General Data Protection Regulation (GDPR)?
The GDPR is a regulation of the European Union that seeks to put control over the personal data of EU resid...
Cooperatives Should Obtain Maintenance Guarantees from Third Parties to Facilitate Apartment Sales
In the past, many cooperative apartment Boards approved the sale of an apartment to a buyer with questionab...