New York Laws
Article 13 - Action to Foreclose a Mortgage
1304 - Required Prior Notices.

(i) The borrower is a natural person;
(ii) The debt is incurred by the borrower primarily for personal,
family, or household purposes;
(iii) The loan is secured by a mortgage or deed of trust on real
estate improved by a one to four family dwelling, or a condominium unit,
in either case, used or occupied, or intended to be used or occupied
wholly or partly, as the home or residence of one or more persons and
which is or will be occupied by the borrower as the borrower's principal
dwelling; and
(iv) The property is located in this state.
(2) A home loan shall include a loan secured by a reverse mortgage
that meets the requirements of clauses (i) through (iv) of subparagraph
one of this paragraph.
(b) "Lender" means a mortgage banker as defined in paragraph (f) of
subdivision one of section five hundred ninety of the banking law or an
exempt organization as defined in paragraph (e) of subdivision one of
section five hundred ninety of the banking law.
7. The department of financial services shall prescribe the telephone
number and web address to be included in the notice.

Structure New York Laws