On September 13th, Governor Cuomo Signed a bill that immediately became law.
The title insurance industry, along with County Clerks and attorneys, have been wrestling with how to comply with this law.
I have attached two documents - letters to the Commissioner of Taxation & Finance - recounting our efforts to forestall implementation of this law pending adjustments for workability and some of the issues that have arisen since the law took effect.
As stakeholders, the Land Title Association continues to seek guidance and provide subject matter expertise.
Read the letters.