Albany lawmakers urge Hochul to sign bill that’ll put foreclosure statute of limitations back at 6 years


A group of Democrat Albany lawmakers led by state Senator James Sanders (D-Queens) is pushing Governor Kathy Hochul to sign a bill that aims to keep the statute of limitations by which lenders can initiate legal proceedings in foreclosure cases at six years, before the Nov. 8 election next Tuesday.

The bill, dubbed the Foreclosure Abuse Prevention Act (FAPA) – S.5473-D, was passed in both chambers with bipartisan support – 51 to 11 in the state Senate and 107 to 40 in the Assembly – and has been sitting on the governor’s desk awaiting her signature for several months. Sanders, along with 55 other members of the NYS Black, Puerto Rican, Hispanic and Asian Legislative Caucus penned a letter to the governor earlier this week, urging her to sign the bill into law “immediately.”