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Posted By Robert Treuber,
Tuesday, January 10, 2023
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The following bills were signed into law by Governor Hochul in the final weeks of 2022.
The Legislative Committee categorizes bills introduced during the legislative session. Priority 3 bills are not critical issues but may be important changes to title insurance related practices or for people running a small business.
A3714 / S5097A (Requires the disclosure of indoor mold history upon the sale of certain real property.)
A5337A / S9470 (Authorizes special proceedings to convey title
to abandoned commercial and industrial property to a city, town, or village.)
A7595 / S6805 (Requires copies of certain documents physically posted in a workplace to be made available to employees electronically
through the employer's website or by email.)
A7737B/ S5473D (Relates to the rights of parties involved in foreclosure actions; provides additional details regarding
the commencement and termination of certain actions related to real property.)
A10477 / S9427A (Requires employers to disclose compensation or range of compensation to applicants and employees upon
issuing an employment opportunity for internal or public viewing or upon employee request.)
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Chaptered bills
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Posted By Robert Treuber,
Tuesday, January 10, 2023
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Customer Update – January 9, 2023
Dear Valued Customer:
Last night and today our team of
specialists have continued to carefully bring our systems out of
“protection mode.” I support our very conservative approach of copying
all data and images prior to completing their examination
and validation. While this approach requires space and time, it is the
safest way to operate.
As I have mentioned previously, we are working with cyber specialists
every step of the way and are taking no risks with your data. The team
is working in shifts, 24 x 7, to bring your offices back on-line as soon
as possible. Nothing is more important.
The work this week will consist of: integrating additional space,
copying what we have, working to restore full functionality while
analyzing and validating all slices of data.
Regardless of our conservative approach, we recognize the critical
situation we are all in and work with the utmost sense of urgency.
Thank you for your understanding. I will keep you updated throughout the week.
Deborah Ball, CEO Cott Systems, Inc. | 2800 Corporate Exchange Dr., Ste.300 | Columbus, OH 43231
o)
800-588-2688 M-F 7am-6pm Eastern | f)
866-540-1072
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Cott Systems
County Clerk
cybersecurity
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Posted By Robert Treuber,
Sunday, January 8, 2023
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| Our IT team and technical cyber specialists worked over the weekend to try to bring our systems back to full functionality. However, recovering from the cyber-attack is still dominating our systems. The cyber recovery phase requires several steps. To complete those steps, we continue to need much more space than we normally use for operations. With the worldwide hardware shortage, even emergency orders are taking too long. Over the weekend we had: one promised order never appeared, one order was found to be not compatible (though the dealer had insisted it would be), one small order finally arrived today that has allowed us to begin to work on some of the necessary basic functions. On Tuesday, January 10, we expect a substantial shipment to arrive. Once it arrives, we estimate that we will need 24-48 hours to work with our technical experts to bring the system up then verify and validate all data. I am disappointed that this process is so lengthy. Last week, we hurried to give all customers the option of working again. I was very encouraged! However, the combination of everyone going on-line at once, along with our cyber recovery steps continuing to run, overloaded our system and it went into “protection mode.” We cannot let that happen again. As we become fully functional, we will methodically bring customers back on line. Unfortunately, we must take this day-by-day and the timeline cannot be established yet tonight. We will continue to inform you as soon as we know more so that you may plan your week. I wanted to be able to provide you with better news tonight. I am so sorry we are all dealing with this terrible situation. Deborah Ball, CEO |
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| Cott Systems, Inc.|2800 Corporate Exchange Dr., Ste.300|Columbus, OH 43231
o) 800-588-2688 M-F 7am-6pm Eastern|f) 866-540-1072 | | |
Tags:
Cott Systems
County Clerk
Land Records
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Posted By John Sauers - Frontier Abstracrt & Research,
Tuesday, January 3, 2023
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Customer Update – January 2, 2023
Dear Valued Customer,
During
the past 24 hours, we have confirmed that all databases are complete
and in good order. We continue to run maintenance checks to verify all
back-up systems are working as intended. As of this moment, we have 93%
of the infrastructure fixed and running and we are working with Citrix
to check connectivity.
I
was hopeful that our applications would be back online for you Tuesday.
I am sorry but that will not yet be possible. We are still testing
basic functionality and will move to more detailed testing later this
evening to make sure the programs are working as intended.
I
am so encouraged that no data was lost or damaged. Our teams are
working as fast as possible to verify the applications are working
properly. While I still do not have an absolute timeline, I am hoping
Wednesday they will have made enough progress to put you back in
business.
Please accept my apologies and appreciation for your understanding.
Deborah Ball, CEO Cott Systems, Inc. | 2800 Corporate Exchange Dr., Ste.300 | Columbus, OH 43231
o)800-588-2688 M-F 7am-6pm Eastern | f)866-540-1072
Tags:
County Clerk
cybersecurity
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Posted By Robert Treuber,
Monday, January 2, 2023
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Posted By Robert Treuber,
Wednesday, December 28, 2022
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[Note - Cott systems provides land recordation services in 17 states, including several NY counties] To all valued Cott customers, As you know, on Monday, December 26, Cott Systems identified some unusual activity on our servers. In an abundance of caution, we disconnected all of our servers to isolate that activity within our environment. We then immediately engaged cyber specialists to investigate the event and they began a forensic analysis. It has been determined that Cott Systems is the victim of an organized cyber-attack. We have notified the FBI. Both the FBI and Homeland Security have indicated that they are aware of, and have been investigating, this particular group of criminals who operate worldwide. We will be sharing information as we proceed. We are working 24 x 7 with the forensic specialists to review all affected systems. While this is being completed, they are also working with us to identify ways to securely rebuild processes and restore functionality. There are many steps involved in the recovery from this cyber-attack. At this time, we are not able to give you a date when we will be fully operational or when connectivity and all of your services will be restored. You will be kept informed by a daily update. Finally, we are working on methods for you to be able to continue to at least manually process transactions. These will be provided in additional communications once we work out the details. Cott Systems exists to serve you. We acknowledge that time is of the essence and this is an emergency situation. Please accept our sincere apologies for the impact that this cyber-attack is having on your office. Thank you, |
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| | Customer Support| Cott Systems
Cott Systems, Inc.|2800 Corporate Exchange Dr., Ste.300|Columbus, OH 43231
o) 800-588-2688 M-F 7am-6pm Eastern|f) 866-540-1072|e) support@cottsystems.com | | |
Tags:
county clerk
cyber
cybersecurity
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Posted By Robert Treuber,
Wednesday, December 28, 2022
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FOR IMMEDIATE RELEASE Wednesday, December 28, 2022 Contact: Lisa Dell, Onondaga County Clerk 315.435.2227 Onondaga County, New York–As noted on the Onondaga County Clerk website, on December 27, 2022, my office was informed by a third-party vendor that we use (Cott Systems, Inc.) that they had detected potentially malicious files within their infrastructure around Christmas Day. It is important that it be made clear that no county owned infrastructure or systems were impacted, but rather the third-party vendor that we contract with for the intake, searching and record management of documents filed and/or recorded in our office. Cott Systems has committed to keeping us informed on a daily basis at minimum as to the status update of their systems and my office is committed to sharing that information with the public as well. I would refer you to the County Clerk website for any additional or updated information as that is where we will be sharing it with everyone. Sincerely, Lisa Dell Onondaga County Clerk 401 Montgomery Street Syracuse, New York 13202 315.435.2229 Office 315.435.3455 Fax
Tags:
Cyber
Land Records
Onondaga
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Posted By Eric Swarthout,
Wednesday, December 28, 2022
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(PLEASE NOTE ATTACHED FILES ) Through a change in NY Tax Law 1449-BB and changes to Town code in the towns that make up the Peconic Bay Region, we will see two changes to the way the CPF tax is calculated this year. January 1, 2023 For Conveyances occurring on or after January 1, 2023 the exemptions amounts have changed in two ways, as detailed in the chart below - The allowance or exemption for Improved properties has been increased in East Hampton, Shelter Island, Southampton, and Southold. Riverhead remains the same. The allowance or exemption for Unimproved properties remains the same in all five towns.
- For Conveyances in East Hampton, Shelter Island, and Southampton a new exemption cap has been implemented. For these three towns, no exemption is to be applied to transfers greater than or equal to $2,000,000.
A copy of the new Peconic Bay Region Community Preservation Fund form is attached for conveyances occurring on or after 1/1/2023. April 1, 2023 For Conveyances occurring on or after April 1, 2023 the tax rate has been increased from 2.0% to 2.5% in East Hampton, Shelter Island, Southampton, and Southold. This is the implementation of the ½ percent Community Housing Fund (CHF) adopted by local referendum in November. An updated form is not yet available and will be circulated once published.
Attached Thumbnails:
Attached Files:
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CPF
Peconic
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Posted By Robert Treuber,
Wednesday, December 28, 2022
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S9209/A10234 Signed by Governor Minor Technical correction to clarify that powers of attorney need only to have been executed by the principal and conform to the law in effect at the time executed by such principal to remain valid and enforceable under the new law, even if signed by the agents at a later date. Bill text attached.
Attached Files:
Tags:
Chaptered bills
POA
Power of Attorney
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Posted By Robert Treuber,
Wednesday, December 21, 2022
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https://financialregnews.com/reps-luetkemeyer-sherman-express-concerns-regarding-title-insurance-alternatives/ U.S. Reps. Blaine Luetkemeyer (R-MO) and Brad Sherman (D-CA) recently
forwarded correspondence to the Federal Housing Finance Agency (FHFA)
Director Sandra Thompson, noting concerns regarding the potentially
harmful impact of title insurance alternatives. “The plans aim to lower closing costs and make homeownership more
accessible for low- to moderate-income and minority homebuyers,” the
legislators wrote. “However, these initiatives appear to risk exposing
these consumers to harm by not providing the same consumer protections
as title insurance. They also raise concerns about the safety and
soundness of the Enterprises (Fannie Mae and Freddie Mac), increase
taxpayer risk which FHFA must consider as the GSEs’
(government-sponsored enterprises) regulator and conservator.” Luetkemeyer, top Republican on the Subcommittee on Consumer
Protection and Financial Institutions, and Sherman (D-CA), top Democrat
on the Subcommittee on Investor Protection, Entrepreneurship, and
Capital Markets, said the plans position low and moderate-income and
minority borrowers at risk of going uninsured against average home buyer
common title defects. “As a result, the attorney opinions imperil the ability of these
consumers to be compensated for title issues,” the legislators
concluded. “Attorney opinions increase the likelihood these precarious
homeowners lose their house and lose the ability to build wealth. The
differences between attorney title opinions and title insurance can be
confusing to policymakers, mortgage lenders, and legal practitioners. We
expect FHFA to address these concerns in a timely manner, prior to
approving the expansion of any Enterprise closing cost pilot, in order
to give Congress the opportunity to engage further on this important
matter.”
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AOL
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