NY A09352

Requires referees in foreclosure cases to compute amounts owed as of the proposed judgment date and itemize all components including unpaid principal, accrued interest with rates and date ranges, tax and insurance advances, contractual fees, and court-approved costs

Mandates that referees use a standardized form prescribed by the chief administrative judge for itemizing foreclosure computations

Limits referee calculations to items supported by documentation that would be admissible as evidence, with undocumented items referred back to the court

Establishes the public auction date as the standard valuation date for calculating debt amounts, deficiencies, and surplus distributions in foreclosure sales, unless a court orders otherwise for good cause

Takes effect 90 days after becoming law, with immediate authorization for implementing rules and regulations