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

CPLR-5004-Amended-website-featured-image

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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Benchmark CLE – Representing Foreign Purchaser and Foreign Sellers in Real Estate

Representing foreign purchasers and foreign sellers in real estate

Benchmark Title Agency, LLC in collaboration with AmTrust Title invites you to attend our Continuing Legal Education Webinar on: “REPRESENTING FOREIGN PURCHASERS AND FOREIGN SELLERS IN REAL ESTATE” Tuesday, April 12, 2022 | 10:30 AM - 12:00 PM ET | Virtual Presented by: Jason Bergman, ESQ. Vice President & Senior Underwriting Counsel (Benchmark Title Agency) Margaret T. Ling, ESQ. NYS Agency Business Development & Underwriting Counsel (Amtrust Title)   Click the button below to register: Register Here   1.5 CLE CREDIT IN AREAS OF PROFESSIONAL PRACTICE ...

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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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Benchmark CLE – Mechanic’s Liens & Building Loans

Mechanic's Liens & Building Loans

Benchmark Title Agency, LLC in collaboration with WFG National Title Insurance Company invites you to attend our Continuing Legal Education Webinar on: “MECHANIC'S LIENS & BUILDING LOANS” October 26, 2021 | 10:00 am ET Presented by Lisa Zeppieri (Senior Underwriting Counsel, WFG National Title Insurance Company) The purpose of this course is to review the various statutes and case law surrounding the New York mechanics’ lien law, building loan contracts and building law agreements.   In this regard, the course will look at “real world” issues and practical pitfalls, such as lien priority issues, title underwriting requirements and time deadlines.   * This program provides you the opportunity...

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Benchmark CLE – Like-Kind Exchanges under IRC Section 1031

Like-kind exchanges CLE

Benchmark Title Agency in conjunction with First American Title Insurance Company Invites you to attend our Continuing Legal Education Seminar: "Like-Kind Exchanges under IRC Section 1031" Tuesday, September 21, 2021 | 10:00 AM - 12:00 PM (EDT) Presented by William P. Lopriore, Jr., Esq. (Regional Manager and Counsel Northeast Region, First American Exchange Company LLC subsidiary of First American Title Insurance Company) Click the link below to register: Register Now! 2 CLE credits (Professional Practice) ...

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A message from Jean Partridge, president of the New York State Land Title Association, Inc. (NYSLTA)

Please take the time to read Jean’s outgoing message to the New York State Land Title Association, I know you will be proud and impressed by her accomplishments as president. As Jean guided Benchmark through a tumultuous year she also had the responsibility of guiding NYSLTA, doing both was no easy task. She is acclaimed by all as one of best and most organized leaders the association ever had. - Tom N. DeCaro, President - Benchmark Title Agency   A message from Jean Partridge, president of the New York State Land Title Association, Inc. (NYSLTA) As I stated in my 2020 incoming address,...

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Benchmark CLE – WILLS and ESTATES

Benchmark CLE - Wills and Estates

Benchmark Title Agency, LLC in collaboration with WFG National Title Insurance Company invites you to attend our Continuing Legal Education Webinar on: “WILLS and ESTATES” July 13, 2021 | 10:00 AM ET Presented by Lisa Zeppieri (Senior Underwriting Counsel, WFG National Title Insurance Company) A 1-hour virtual CLE seminar to gain insight on the probate and administration process, the surrogate’s procedure, and learn how to guide your clients through the estate planning process. Here’s what YOU can expect to learn: The contents of a will. About the probating process. How to remove an executor from his/her fiduciary duty.   Click the button below to register: Register Now! (Zoom)...

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