|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to judiciary|
|Jan 18, 2013||referred to judiciary|
senate Bill S2535
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2535 - Details
S2535 - Summary
Provides that purchasers and sellers of real property shall be provided with voter registration forms at closing.
S2535 - Sponsor Memo
BILL NUMBER:S2535 TITLE OF BILL: An act to amend the real property law, in relation to providing purchasers and sellers of residential real property and cooperative apartments with voter registration forms at closing PURPOSE: The bill provides that every purchaser and seller of residential real property who attends the closing must be provided by the settlement agent with voter registration forms, and if a purchaser or seller does not attend the closing, then the forms shall be provided to the representative of such purchaser or seller. SUMMARY OF PROVISIONS: Section 1: Amends the Real Property Law to add a new section 262, which requires that, at a closing for the sale or purchase of residential real property, the seller and purchaser shall be provided with voter registration forms. Subsection one defines a "closing" as "an in-person meeting to complete final documents incident to the purchase and sale", and defines "settlement agent" as "the lender in a non-cash transaction, the title company in a cash transaction and the managing agent in a cooperative apartment transaction." Subsection two provides that the forms are to be provided to the purchaser and seller, except for sellers who are moving out of New York State. If a purchaser or seller is not present at the closing, then the forms are to be provided to such person's representative. Subsection three
S2535 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2535 2013-2014 Regular Sessions I N S E N A T E January 18, 2013 ___________ Introduced by Sen. ADDABBO -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to providing purchas- ers and sellers of residential real property and cooperative apart- ments with voter registration forms at closing THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 262 to read as follows: S 262. VOTER REGISTRATION FORMS. 1. FOR PURPOSES OF THIS SECTION, THE TERM "CLOSING" SHALL MEAN AN IN-PERSON MEETING TO COMPLETE FINAL DOCU- MENTS INCIDENT TO THE PURCHASE AND SALE OF RESIDENTIAL REAL PROPERTY AND COOPERATIVE APARTMENTS, AND THE TERM "SETTLEMENT AGENT" SHALL MEAN THE LENDER IN A NON-CASH TRANSACTION, THE TITLE COMPANY IN A CASH TRANS- ACTION AND THE MANAGING AGENT IN A COOPERATIVE APARTMENT TRANSACTION. 2. EVERY PURCHASER OR SELLER OF REAL PROPERTY IN ATTENDANCE AT A CLOS- ING HELD WITHIN THIS STATE SHALL BE PROVIDED WITH ANY FORMS NECESSARY TO COMPLY WITH THE VOTER REGISTRATION REQUIREMENTS SET FORTH IN ARTICLE FIVE OF THE ELECTION LAW, EXCEPT FOR SELLERS WHO ARE MOVING OUT OF NEW YORK STATE. IF SUCH PURCHASER OR SELLER SHALL NOT BE IN ATTENDANCE AT SUCH CLOSING, SUCH FORMS SHALL BE PROVIDED TO THE REPRESENTATIVE OF SUCH PURCHASER OR SELLER. 3. THE PROVISION OF FORMS REQUIRED BY SUBDIVISION TWO OF THIS SECTION SHALL BE MADE BY THE SETTLEMENT AGENT WITHOUT COST OR CHARGE TO THE PURCHASER OR SELLER. 4. EACH COUNTY BOARD OF ELECTIONS IS HEREBY AUTHORIZED AND DIRECTED TO COOPERATE WITH SETTLEMENT AGENTS TO CARRY OUT THE PURPOSES OF THIS SECTION. S 2. This act shall take effect on the thirtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04497-01-3
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