Governor Cuomo Announces Banks and Mortgage Servicers to Expedite Insurance Payments to Homeowners

Albany, NY – December 12, 2012 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that major banks and mortgage servicers will take action to expedite insurance payments to New York homeowners. Currently, insurance claim checks must be endorsed by the banks or mortgage servicers before homeowners can cash them, causing frustrating delays at a time when the money is needed for home repairs or for living expenses. These new actions will enable the insurance companies to get the money to homeowners faster