Yearly Archives: 2010

/2010

ILSA: Playing it again in a different key

2017-08-04T17:37:13+00:00

By Joann Prinzivalli Laws that are enacted as a reaction to one problem can sometimes find new life in a very different context. As we shall see in this report, lawyers for condominium sponsors and purchasers can draw some interesting lessons from a spate of recent cases emanating from the Southern District of New York. Back [...]

ILSA: Playing it again in a different key2017-08-04T17:37:13+00:00

ALERT: New changes in New York Power of Attorney Law

2017-06-30T19:02:48+00:00

By Joann Prinzivalli On August 13, 2010, Governor Paterson signed Chapter 340 of the Laws of 2010. This bill makes a number of technical corrections to the General Obligations Law as it relates to Statutory Short Form Powers of Attorney (SSFPOA) and other forms of Power. Here are some highlights of the changes: A few of [...]

ALERT: New changes in New York Power of Attorney Law2017-06-30T19:02:48+00:00

Get SAMRT! – Would you believe that credit unions are exempt from the Special Additional Mortgage Recording Tax?

2017-08-04T17:42:53+00:00

By Joann Prinzivalli But the rules differ for federal credit unions and state credit unions, and state credit unions that converted from federal on or after January 1, 2009 have yet another different set of rules! New York State’s Mortgage Recording Tax has been in the financial news in recent weeks, with the recent decision in [...]

Get SAMRT! – Would you believe that credit unions are exempt from the Special Additional Mortgage Recording Tax?2017-08-04T17:42:53+00:00

Thoughts on the use of The New York “Major Gifts Rider”

2017-08-04T17:40:49+00:00

By Joann Prinzivalli We recently became aware that some title companies, lenders and lender’s attorneys require that sellers utilizing a New York Statutory Short Form Power of Attorney must execute an “optional” Statutory Major Gifts Rider in all cases. Such a policy unlawfully interferes with the seller’s rights. However, the statutory relief involves only an order [...]

Thoughts on the use of The New York “Major Gifts Rider”2017-08-04T17:40:49+00:00