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	<title>Observer &#187; Offering Plans Will Go Digital: AG</title>
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		<title>Observer &#187; Offering Plans Will Go Digital: AG</title>
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		<title>Offering Plans Will Go Digital: AG</title>

		<comments>http://observer.com/2012/01/offering-plans-will-go-online-ag/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 10:12:53 -0400</pubDate>
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		<description><![CDATA[<p>Attorney General Eric Schneiderman announced yesterday a new  policy that will require developers to give potential buyers the chance  to view offering plans in digital format.</p>
<p>The new plan, which will become mandatory April 1, is part of the  Attorney General’s strategy to digitize his office’s real estate  oversight capabilities while also helping the flow of transactions, it  announced.<br />
<!--more--></p>
<p><div id="attachment_216688" class="wp-caption alignleft" style="width: 210px"><a rel="attachment wp-att-216688" href="http://www.observer.com/2012/01/offering-plans-will-go-online-ag/schneiderman/"><img class="size-full wp-image-216688" title="Schneiderman" src="http://nyoobserver.files.wordpress.com/2012/01/schneiderman.jpg" alt="" width="200" height="297" /></a><p class="wp-caption-text">Eric Schneiderman.</p></div></p>
<p>“By allowing the distribution of offering plans in a digital format, we  are increasing efficiencies in real estate transactions in a way that is  beneficial for both developers and prospective purchasers,” said Mr.  Schneiderman.</p>
<p>Before, offering plans were only available in hard copy format, which often proved to be cumbersome to those reviewing them.</p>
<p>“Offering plans can be three books, each two, three, four, five inches a  book,” said Neil Garfinkel, residential counsel for The Real Estate  Board of New York.</p>
<p>“The ability to access these digitally, I think, is good,” he added.</p>
<p>The new program, called Cooperative Police Statement 10 (CPS10), is part  of the Attorney General’s efforts to set up an electronic filing system  of offering materials “that will allow for the submission and review of  documents filed with our office,” it said.</p>
<p>CPS10 was handled Chief Counsel Lewis Polishook and Deputy Bureau  Chief Susan Scharbach , along with Real Estate Finance Bureau Chief  Marissa Piesman and Executive Deputy Attorney General for Economic  Justice Karla G. Sanchez.</p>
]]></description>
		<content:encoded><![CDATA[<p>Attorney General Eric Schneiderman announced yesterday a new  policy that will require developers to give potential buyers the chance  to view offering plans in digital format.</p>
<p>The new plan, which will become mandatory April 1, is part of the  Attorney General’s strategy to digitize his office’s real estate  oversight capabilities while also helping the flow of transactions, it  announced.<br />
<!--more--></p>
<p><div id="attachment_216688" class="wp-caption alignleft" style="width: 210px"><a rel="attachment wp-att-216688" href="http://www.observer.com/2012/01/offering-plans-will-go-online-ag/schneiderman/"><img class="size-full wp-image-216688" title="Schneiderman" src="http://nyoobserver.files.wordpress.com/2012/01/schneiderman.jpg" alt="" width="200" height="297" /></a><p class="wp-caption-text">Eric Schneiderman.</p></div></p>
<p>“By allowing the distribution of offering plans in a digital format, we  are increasing efficiencies in real estate transactions in a way that is  beneficial for both developers and prospective purchasers,” said Mr.  Schneiderman.</p>
<p>Before, offering plans were only available in hard copy format, which often proved to be cumbersome to those reviewing them.</p>
<p>“Offering plans can be three books, each two, three, four, five inches a  book,” said Neil Garfinkel, residential counsel for The Real Estate  Board of New York.</p>
<p>“The ability to access these digitally, I think, is good,” he added.</p>
<p>The new program, called Cooperative Police Statement 10 (CPS10), is part  of the Attorney General’s efforts to set up an electronic filing system  of offering materials “that will allow for the submission and review of  documents filed with our office,” it said.</p>
<p>CPS10 was handled Chief Counsel Lewis Polishook and Deputy Bureau  Chief Susan Scharbach , along with Real Estate Finance Bureau Chief  Marissa Piesman and Executive Deputy Attorney General for Economic  Justice Karla G. Sanchez.</p>
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