Regulation 208 (11 NYCRR 228) is now annulled pursuant to New York County Supreme Court Justice Rakower’s decision and order on New York State Land Title Association (NYSLTA) et. al. v. New York State Department of Financial Services (DFS).
The Court annulled Regulation 208 in its entirety and reasoned, among others, that Regulation 208 is “irrational” and “internally inconsistent.”
DFS has filed its Notice of Appeal. Stay tuned as it is yet to be determined whether Regulation 208 would be reinstituted with a stay or otherwise.
Legal Analysts
Popular Posts
-
HELPFUL TIPS FROM THE DEPARTMENT OF STATE (DOS) FOR RENEWING NY REAL ESTATE SALESPERSON & BROKER LICENSES. *** Renewal must be comple...
-
A new law on landlord's ability to collect legal fees was signed by Gov. Hochul on December 21, 2021 and is effective immediately. The l... -
To remind you, this is the case that deputized private citizens to enforce the Texas Heartbeat Act (S. B. 8) and rewarded citizens with a $1... -
A licensee (salesperson or broker) can renew their license anytime within two years of the expiration date. Of course they cannot use the...
-
Now there is another initiative by New York State to combat discrimination in real estate. Effective as of December 21, 2021 a $30 fee has b... -
Unfortunately, the term shared is such an inexact state of being and only through first deciphering how the driveway is actually owned can ...
-
What are the Continuing Education requirements for real estate agents in NY? As of 7/1/2021. All licensees must receive 22.5 hours of contin...
-
Some employers want to know if they can chose to take the penalty and forego the NY required sexual harassment prevention training, policy a... -
On March 31, 2019, Governor Cuomo signed the New York State Budget for the 2020 Fiscal Year . Notable changes include increased real estate ... -
Not only can the offensive smell be stopped, but damages may be available to you as the neighbor who has had to endure the offensive smell t...
