Senate Bill S7295

2015-2016 Legislative Session

Enacts the "zombie property remediation act of 2016"

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Sponsored By

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

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-S7295 (ACTIVE) - Details

See Assembly Version of this Bill:
A9655
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Add §1392, RPAP L
Versions Introduced in Other Legislative Sessions:
2017-2018: A1563
2019-2020: A1859

2015-S7295 (ACTIVE) - Summary

Permits a municipality to compel a mortgagee to either complete a mortgage foreclosure proceeding or to issue a certificate of discharge of the mortgage for any property which has been certified abandoned pursuant to section 1971 of the real property actions and proceedings law.

2015-S7295 (ACTIVE) - Sponsor Memo

2015-S7295 (ACTIVE) - Bill Text download pdf 

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

                                  7295

                            I N  S E N A T E

                             April 13, 2016
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed  to be committed to the Committee on Housing, Construction and
  Community Development

AN ACT to amend the  real  property  actions  and  proceedings  law,  in
  relation  to authorizing municipalities to compel mortgagees either to
  complete a mortgage foreclosure proceeding pursuant to article  13  of
  the  real  property  actions and proceedings law or to issue a certif-
  icate of discharge of the mortgage for any  property  which  has  been
  certified  abandoned pursuant to real property actions and proceedings
  law section 1971

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

  Section  1.  Short  title. This act shall be known and may be cited as
the "zombie property remediation act of 2016".
  S 2. The real property actions  and  proceedings  law  is  amended  by
adding a new section 1392 to read as follows:
  S  1392.  FORECLOSURE  ACTIONS  INVOLVING ABANDONED PROPERTIES.   IF A
PROPERTY HAS BEEN  CERTIFIED  ABANDONED  PURSUANT  TO  SECTION  NINETEEN
HUNDRED SEVENTY-ONE OF THIS CHAPTER, THE CITY, VILLAGE, OR TOWN IN WHICH
THE  PROPERTY  IS LOCATED MAY COMMENCE A PROCEEDING IN A COURT OF COMPE-
TENT JURISDICTION IN THE COUNTY IN WHICH  THE  PROPERTY  IS  LOCATED  TO
COMPEL ANY OR ALL MORTGAGEES TO EITHER: (A) COMPLETE A MORTGAGE FORECLO-
SURE  PROCEEDING  PURSUANT  TO ARTICLE THIRTEEN OF THIS CHAPTER WITHIN A
REASONABLE TIME PERIOD AS DETERMINED  BY  THE  COURT;  OR  (B)  ISSUE  A
CERTIFICATE OF DISCHARGE OF THE MORTGAGE.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14744-02-6

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