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Tags: New-York | Courts | Mandate | Lawyers | Certify | Foreclosures

New York Courts Mandate Lawyers Certify Foreclosures

Wednesday, 20 October 2010 01:02 PM

New York state courts will require lawyers in residential foreclosure actions to certify they have taken “reasonable” steps to verify the accuracy of documents submitted to the court.

The new rule, released in a statement by the New York state Unified Court System, is effective immediately.

Chief Judge Jonathan Lippman introduced the requirement in response to disclosures of deficiencies in residential foreclosure filings nationwide, including notarization and “robo-signing” and affidavits that falsely state the signer has knowledge of the facts, the statement said.

“We cannot allow the courts in New York State to stand by idly and be party to what we now know is a deeply flawed process, especially when that process involves basic human needs — such as a family home — during this period of economic crisis,” Lippman said in the statement.

© Copyright 2022 Bloomberg News. All rights reserved.


FinanceNews
New York state courts will require lawyers in residential foreclosure actions to certify they have taken reasonable steps to verify the accuracy of documents submitted to the court. The new rule, released in a statement by the New York state Unified Court System, is...
New-York,Courts,Mandate,Lawyers,Certify,Foreclosures
133
2010-02-20
Wednesday, 20 October 2010 01:02 PM
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