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CPLR § 5004 – Amended; Statutory Rate of Interest Reduced for Certain Judgments

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New York Consolidated Laws, Civil Practice Law and Rules (“CPLR”) Section 5004 – Rate of interest, has been amended. Effective April 30, 2022 (the “Effective Date”), the interest rate applicable to money judgments arising from actions involving consumer debt where the defendant is a natural person will be calculated at the rate of two percent (2%) per annum, except where otherwise provided by statute. All other money judgments will retain the existing statutory rate of interest of nine per percent (9%) per annum, of course, except where otherwise provided by statute. CPLR § 5004 was amended to read as follows: Interest shall...

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Remote Notarization Permitted in New York

Remote Notarization Permitted in New York

On February 24, 2022, Gov. Kathleen C. Hochul signed into law legislation that allows for the permanent use of remote online notarizations (“RON”) in New York. For the full text of Chapter 104 of the Laws of 2022, amending the Executive Law on February 24, 2022, see https://www.nysenate.gov/legislation/bills/2021/s7780. The bill also permits Remote Ink Notarizations (“RIN”), which is similar to remote notarization that was once permitted under the now expired Executive Order. The legislation defines remote online notarization as the act of performing any notarial act while a principal is not in the physical presence of the notary at the time...

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Benchmark CLE – Title Surveys

Benchmark CLE - Title Surveys

Benchmark Title Agency, LLC in collaboration with WFG National Title Insurance Company invites you to attend our Continuing Legal Education Webinar on: “TITLE SURVEYS” February 15, 2022 | 10:30 AM ET Presented by Lisa Zeppieri & Hillary Kriss (WFG National Title Insurance Company) By attending this course, you will walk away with a clear understanding of title issues related to surveys and how to resolve these types of issues before you get to the closing table.   * This program provides you the opportunity to earn one credit towards the professional practice requirement, appropriate for newly admitted and experienced attorneys.   Here’s what YOU can expect to learn: ...

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