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A new effort in Albany to put lenders in charge of abandoned properties

New York attorney general Eric T. Schneiderman will outline new legislation that will make banks responsible for New York's so-called "zombie properties," or abandoned homes. 

According to an excerpt from the article: 

The bill Mr. Schneiderman will be asking Albany lawmakers to embrace will make lenders responsible for homes soon after they are abandoned, requiring banks to register the properties in a central database and pay for their upkeep, according to government staff members briefed on the legislation but not authorized to speak on the record.

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