Rules Concerning Hardship Installment Payment Agreements

Proposed Rules: Closed to Comments

Agency:
Comment By: 
Thursday, February 27, 2020
Download Copy of Proposed Rule (.pdf): 

Local Law 45 of 2019 amended the Administrative Code of the City of New York by adding a new section 11-322.1. This local law created three forms of hardship installment payment agreements for eligible one-to-three family residential property owners and condominium property owners that may be entered into where such a property serves as the primary residence of the property owner. The three forms of hardship installment payment agreements authorized by Local Law 45 of 2019 are: a senior low-income installment agreement, a fixed length income-based installment agreement, and an extenuating circumstances income-based installment agreement. 

Public Hearing
Subject: 

Rules Concerning Hardship Installment Payment Agreements

Public Hearing Date: 
Thursday, February 27, 2020 - 11:00am
Contact: 

• Website: http://rules.cityofnewyork.us.
• Email: Laroset@finance.nyc.gov.
• Mail: NYC Department of Finance, Legal Affairs Division, 375 Pearl Street, 30th Floor, New York, NY 10038, Attn: Timothy LaRose.
• Fax: NYC Department of Finance, Attn: Timothy LaRose, at (718) 488-2491.
• By speaking: Call Joan Best at (718) 488-2007 to sign up to speak at the hearing, or you can sign up in the hearing room before the hearing
begins on February 27, 2020.

Location: 
Department of Finance Hearing Room
375 Pearl Street 30th Floor
New York, NY 10038