A Local Law to amend the administrative code of the city of New York, in relation to the notification of recording of real estate instruments

Summary

This local law would require the Department of Finance to include certain information about what to do if a recipient of a notice pursuant to the Notice of Recorded Document Program suspects that the document recording that was the subject of the notification was fraudulent. At a minimum, such information must include information about whom to contact for assistance, to file a complaint or to report an alleged criminal violation. The local law would also change the reporting requirements from quarterly to annual.

Official summary of legislation · NYC Council