NY S08595

Requires referees in foreclosure cases to compute amounts due 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 inadequately documented items referred to the court for determination

Establishes that the valuation date for calculating amounts due, deficiencies, or surplus distributions in foreclosure sales shall be the date the property is bid on at public auction, unless a court orders otherwise for good cause

Takes effect 90 days after becoming law, with immediate authorization for regulatory changes needed for implementation