The New York State Court of Appeals has upheld the Foreclosure Abuse Prevention Act of 2022 (FAPA), confirming that the law is constitutional and applies retroactively.

The landmark decision, made on Nov. 25, means that mortgage lenders cannot restart the state’s six-year statute of limitations on foreclosure claims by withdrawing or abandoning earlier cases.

FAPA was passed in 2022 in an attempt to stop banks from endlessly trying to foreclose on a homeowner for the same debt. The issue stemmed from the 2008 housing crisis when lenders filed and later dropped thousands of foreclosure cases, often allowing the six-year details ⇒

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