May 1

NYS AMC Law Guidance


New York State legislation regulating Appraisal Management Companies (AMC’s) went into effect on Saturday, April 27.  The New York Department of State has issued a guidance document that provides clarification on implementation of new law including: What are AMC’s? What services do they provide? How AMC’s work and who they can hire?   The new law contains language that was being interpreted by lending institutions and AMC’s to restrict their ability to [...]

Apr 15

Effective Immediately: “Lawful Source of Income” is a protected class in New York State


  On April 12, the “Lawful Source of Income Non-Discrimination Act of 2019” was signed into law by Gov. Andrew Cuomo.  The new law is effective immediately and adds “lawful source of income”, as a protected class for the sale or lease of any real property.  This new law impacts the entire state and those areas that currently have lawful source of income laws at the local level. New York City, Nassau, Suffolk, Westchester, Erie, Syracuse, Hamburg, West [...]