Legal Question in Real Estate Law in New York

Under Section 274-A of the Real Property Law, the holder of the mortgage must provide a statement showing the amount of principal unpaid, the date through which interest is paid and other information. The law states "If the mortgagee fails to deliver the mortgage-related documents, the mortgagee shall be liable for the actual damages to the mortgagor by reason of such failure. In computing actual damages the court may consider the actual rate of interest on the mortgage debt and current prevailing rate or rates of interest on comparable debts. However, actual damages do not include pain and suffering, mental or emotional distress or the like." -

You need to serve the mortgagee with a written demand, which means that if you have not done so already, they can hold you up for another 30 days. In the meantime, though, you could raise the stakes by demanding all of the mortgage-related documents, and then your demand can include this scary legend (which must be in SOLID CAPS: "THIS DEMAND IS MADE UNDER SECTION 274-a OF THE REAL PROPERTY LAW. FAILURE TO COMPLY WITH THIS DEMAND MAY RESULT IN SEVERE PENALTIES." - See more at: http://codes.lp.findlaw.com/nycode/RPP/8/274-a#sthash.XIlnuLyD.dpuf

Sigh. Good luck.