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Senate Bill S1944

2009-2010 Legislative Session

Requires a foreclosing party to designate an agent to accept service in the event a property becomes vacant during the foreclosure process

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Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee

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Bill Amendments

2009-S1944 - Details

See Assembly Version of this Bill:
A7105
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Add §1305, RPAP L

2009-S1944 - Summary

Amends the real property actions and proceedings law, in relation to designating a party to accept service in the event a property becomes vacant during the foreclosure process.

2009-S1944 - Sponsor Memo

2009-S1944 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1944

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 10, 2009
                               ___________

Introduced  by  Sen.  STACHOWSKI  -- read twice and ordered printed, and
  when printed to be committed to the Committee on Judiciary

AN ACT to amend the  real  property  actions  and  proceedings  law,  in
  relation to designating a party to accept service in the event a prop-
  erty becomes vacant during the foreclosure process

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The real property actions and proceedings law is amended by
adding a new section 1305 to read as follows:
  S 1305. DESIGNATION OF AGENT  FOR  SERVICE.  PRIOR  TO  INITIATING  AN
ACTION TO FORECLOSE A MORTGAGE, THE FORECLOSING PARTY SHALL DESIGNATE AN
AGENT  TO  ACCEPT  SERVICE FOR ALL ACTIONS IN THE EVENT THAT THE SUBJECT
PROPERTY BECOMES VACANT DURING THE FORECLOSURE  PROCEEDING.  ANY  PERSON
MAY  BE DESIGNATED BY THE FORECLOSING PARTY AS AN AGENT FOR SERVICE IN A
WRITING, EXECUTED AND ACKNOWLEDGED IN THE SAME MANNER AS  A  DEED,  WITH
THE CONSENT OF THE AGENT ENDORSED THEREON. THE WRITING SHALL BE FILED IN
THE OFFICE OF THE CLERK OF THE COUNTY IN WHICH THE MORTGAGE AND DEED ARE
FILED.  THE  WRITING  SHALL ALSO INCLUDE THE ADDRESS AT WHICH THE DESIG-
NATED AGENT WILL ACCEPT SERVICE; SUCH ADDRESS MUST BE LOCATED WITHIN THE
COUNTY IN WHICH THE WRITING IS FILED.  THE DESIGNATION SHALL  REMAIN  IN
EFFECT  FOR  THREE  YEARS FROM SUCH FILING UNLESS IT HAS BEEN REVOKED BY
THE FILING OF A REVOCATION, OR BY THE  DEATH,  JUDICIAL  DECLARATION  OF
INCOMPETENCY OR LEGAL TERMINATION OF THE AGENT OR PRINCIPAL.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07934-01-9


              

2009-S1944A (ACTIVE) - Details

See Assembly Version of this Bill:
A7105
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Add §1305, RPAP L

2009-S1944A (ACTIVE) - Summary

Amends the real property actions and proceedings law, in relation to designating a party to accept service in the event a property becomes vacant during the foreclosure process.

2009-S1944A (ACTIVE) - Sponsor Memo

2009-S1944A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1944--A
    Cal. No. 247

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 10, 2009
                               ___________

Introduced  by  Sen.  STACHOWSKI  -- read twice and ordered printed, and
  when printed to be committed to the Committee on Judiciary -- reported
  favorably from said committee, ordered to  first  and  second  report,
  ordered  to  a third reading, amended and ordered reprinted, retaining
  its place in the order of third reading

AN ACT to amend the  real  property  actions  and  proceedings  law,  in
  relation to designating a party to accept service in the event a prop-
  erty becomes vacant during the foreclosure process

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The real property actions and proceedings law is amended by
adding a new section 1305 to read as follows:
  S 1305. DESIGNATION OF AGENT  FOR  SERVICE.  PRIOR  TO  INITIATING  AN
ACTION  TO FORECLOSE A MORTGAGE, THE FORECLOSING PARTY SHALL DESIGNATE A
LOCAL AGENT TO ACCEPT SERVICE FOR ALL  ACTIONS.  THE  FORECLOSING  PARTY
SHALL  DESIGNATE  EITHER  ITS  ATTORNEY,  AS  PROVIDED  IN SECTION THREE
HUNDRED THREE OF THE CIVIL PRACTICE LAW AND RULES, OR  ITS  DULY  REGIS-
TERED AGENT FOR SERVICE OF PROCESS, AS PROVIDED IN SECTION THREE HUNDRED
FIVE  OF  THE  BUSINESS  CORPORATION LAW OR SIMILAR LAWS, AS AN AGENT TO
ACCEPT SERVICE FOR ALL LEGAL ACTIONS RELATED TO THE PROPERTY BEING FORE-
CLOSED IN A WRITING, EXECUTED AND ACKNOWLEDGED IN THE SAME MANNER  AS  A
DEED,  WITH THE CONSENT OF THE AGENT ENDORSED THEREON. THE WRITING SHALL
BE FILED IN THE OFFICE OF THE CLERK OF THE COUNTY IN WHICH THE  MORTGAGE
AND  DEED ARE FILED. THE WRITING SHALL ALSO INCLUDE THE ADDRESS AT WHICH
THE DESIGNATED AGENT WILL ACCEPT SERVICE; SUCH ADDRESS MUST  BE  LOCATED
WITHIN THE COUNTY IN WHICH THE WRITING IS FILED.
  S  2.  This  act  shall take effect on the sixtieth day after it shall
have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07934-02-9

              

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