Gloria Han

Gloria Han

Alston & Bird

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New York Passes New Removal Procedures for Officers, Directors, Trustees, and Partners of Any Entity Regulated by Department of...

What Happened? On December 21, 2024, New York Governor Kathy Hochul, signed into law, S7532, which repealed the existing section of the Banking Law addressing the removal of officers, directors, and trustees of banking...more

1/14/2025  /  Banking Sector , Board of Directors , Corporate Governance , Corporate Misconduct , Director Removal , Enforcement Actions , Financial Institutions , Financial Regulatory Reform , NYDFS , Regulatory Requirements

New York Foreclosure Abuse Prevention Act Curtails Servicers’ Options

A&B ABstract: Effective on approval by Governor Kathy Hochul on December 30, 2022, New York Assembly Bill 7737b – the Foreclosure Abuse Prevention Act (the “Act”) became law....more

2/15/2023  /  Foreclosure , Mortgage Lenders , Mortgage Servicers , Mortgages , NYDFS
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