Finance
New York law requires that before a lender can foreclose on a residential mortgage, they must provide the homeowner with a pre-foreclosure notice at least:
A30 days before filing a foreclosure action
B90 days before filing a foreclosure action✓ Correct
C6 months before filing a foreclosure action
DNo pre-foreclosure notice is required
Explanation
New York's RPAPL §1304 requires lenders to send a 90-day pre-foreclosure notice to residential homeowners before filing a foreclosure action, giving borrowers time to seek housing counseling and loss mitigation.
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