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The New Jersey Legislature passed legislation requiring residential mortgage lenders to notify homeowners of the state’s foreclosure mediation program.
Assembly Bill No. 1063 passed on March 15, 2021, will take effect on September 1, 2021. Under the bill, whenever a residential mortgage lender provides a homeowner with a notice of intention to foreclose, or when the lender files a foreclosure complaint against a mediation-eligible homeowner, the lender must notify the homeowner of the foreclosure mediation program.
Specifically, the information provided by the lender would alert the homeowner that obtaining the assistance of a trained foreclosure prevention and default mitigation counselor is a prerequisite to participation in mediation. The notice would also alert the homeowner that they will not be required to pay any fees in order to participate in mediation.
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Tribeca Capital Group, LLC, Announces Support For New York State Litigation Funding Legislation
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NEW YORK, March 16, 2021 /PRNewswire/ Candice Payrovi, Chief Operating Officer of Tribeca Capital Group, LLC, announced the company s support of New York State Assembly Bill No. A03315, which is designed to provide regulation of the consumer litigation funding industry in the state. The bill was introduced by Erik M. Dilan, Assembly District 54. Two similar bills, Assembly Bill No. A01270 and its companion bill in the Senate, No. S00705, are also pending. All bills are currently in committee.
Consumer litigation funding, also called pre-settlement funding or legal funding, offers plaintiffs primarily in personal injury cases a way to access a potential recovery without having to wait the months or years it can take the case to conclude. This non-recourse contract is satisfied exclusively from any recovery amount and only whe
Dear XXXX,
As you are likely aware, Governor Murphy recently signed Assembly Bill No. 21 into law to legalize marijuana for recreational use. As you may also be aware, the legislation, which passed the State Legislature without any Republican support, and the unprecedented “clean-up” legislation, Assembly Bill No. 5342, are riddled with dangerous public policy decisions, putting our communities, and especially our children and families, at risk. Though we were unable to prevent passage of the legislation, I am still determined to right this wrong, and I write to you now asking for your support in that endeavor.
Among the most offensive provisions of the new laws is the treatment of underage possession offenses. Not only are our law enforcement officers prohibited from notifying the parent of a minor who has been found in possession of marijuana or alcohol for the first time, but any officer who does so, or makes any other misstep during the interaction, would be convicted of a