NY A08771

Reduces the delinquency threshold for requiring lenders to provide a single point of contact from 60 days to 30 days on delinquent home loans.

Requires lenders or mortgage servicers to provide borrowers with contact information for pursuing loan modifications and foreclosure prevention alternatives.

Removes the requirement that borrowers make written or electronic requests for contact information before lenders must provide it.

Removes the ten business day deadline for lenders to provide contact information, replacing it with a five business day notification requirement if contact information changes.

Authorizes the superintendent of financial services to establish rules and regulations for implementing the single point of contact requirement.