Foreclosure Notification: Local Law 4 of 2012
Effective June 15, 2012, Local Law 4 of 2012 requires mortgagees (i.e. lenders) to notify
HPD within fifteen days when they commence or discontinue a mortgage foreclosure action
against any residential property in New York City. Notification is also required when
mortgagees receive a judgment in a foreclosure action; sell the foreclosed property;
or if a receiver is appointed.
(Monthly and quarterly reports can be viewed by the general public and do not require the creation of a user profile)
Local Law 4 Legislation
Instruction for batch submissions
(This method of submission is recommended for organizations with a high volume of submissions).
For more information or assistance with Local Law 4, call 212-863-8128 or e-mail.