Impacts of the Foreclosure Abuse Prevention Act
Following mounting public pressure in November and December of last year, on December 30, 2022, Governor Kathy Hochul signed into law the Foreclosure Abuse Prevention Act (“FAPA”) (A7737B). Originally introduced by Senator James Sanders, Jr. of the 10th Senate District on March 8, 2021, FAPA spent nearly two years making its way through New York’s