§667-5.5 Foreclosure notice. Notwithstanding any law or agreement to the contrary, any person who forecloses on a condominium apartment or an apartment in a cooperative housing project shall notify, by way of registered or certified mail, the board of directors of the association of apartment owners of the condominium or the board of directors of the cooperative housing project in which the apartment to be foreclosed is located, of the foreclosure at the time foreclosure proceedings are begun. The notice, at a minimum, shall identify the condominium apartment or cooperative apartment which is the subject of the foreclosure and identify the name or names of the person or persons bringing foreclosure proceedings. This section shall not apply when the condominium association or cooperative housing corporation is a party in a foreclosure action. This section shall not affect civil proceedings against parties other than the association of apartment owners or cooperative housing corporation. [L 1984, c 204, §1; am L 1988, c 166, §1]