Assembly Bill A3881

2015-2016 Legislative Session

Requires an individual to attest by signature that they are the true owner of the property being sold

download bill text pdf

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Archive: Last Bill Status - In Assembly 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-A3881 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
General Business Law
Laws Affected:
Add §44-a, Gen Bus L
Versions Introduced in 2013-2014 Legislative Session:
A2806

2015-A3881 (ACTIVE) - Summary

Requires an individual to attest by signature that they are the true owner of the property being sold.

2015-A3881 (ACTIVE) - Bill Text download pdf 

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

                                  3881

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2015
                               ___________

Introduced by M. of A. WRIGHT -- read once and referred to the Committee
  on Economic Development

AN  ACT  to  amend the general business law, in relation to attesting by
  signature that an individual is the true owner of the property

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

  Section 1. The general business law is amended by adding a new section
44-a to read as follows:
  S  44-A. ATTESTATION. AN INDIVIDUAL PLEDGING AN ITEM OF PERSONAL PROP-
ERTY TO A COLLATERAL LOAN BROKER SHALL ATTEST BY SIGNATURE, UNDER PENAL-
TY OF PERJURY, THAT HE OR SHE IS THE TRUE OWNER OF THE PERSONAL  PROPER-
TY.
  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.
                                                           LBD05180-01-5

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