S T A T E O F N E W Y O R K
________________________________________________________________________
7340
2015-2016 Regular Sessions
I N A S S E M B L Y
May 6, 2015
___________
Introduced by M. of A. PICHARDO -- read once and referred to the Commit-
tee on Judiciary
AN ACT to amend the real property actions and proceedings law, in
relation to the appointment of receivers in actions to foreclose a
mortgage
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 1 of section 1325 of the real property actions
and proceedings law, as added by chapter 312 of the laws of 1962, is
amended to read as follows:
1. (A) Where the action is for the foreclosure of a mortgage providing
that a receiver may be appointed without notice, notice of a motion for
such appointment shall not be required.
(B) IN A CITY WITH A POPULATION OF ONE MILLION OR MORE, THE AGENCY
HAVING JURISDICTION FOR ADMINISTERING AND ENFORCING THE LAWS, RULES AND
REGULATIONS RELATING TO THE OPERATION, REPAIR OR MAINTENANCE OF RESIDEN-
TIAL REAL PROPERTY MAY SUBMIT TO THE CHIEF ADMINISTRATIVE JUDGE OF THE
SUPREME COURT A LIST OF PERSONS SUCH AGENCY HAS DETERMINED TO BE QUALI-
FIED TO BE APPOINTED AS A RECEIVER OR AS A MANAGING AGENT. WHERE SUCH
AGENCY SUBMITS SUCH LIST TO THE CHIEF ADMINISTRATIVE JUDGE, THE COURT
MAY ONLY APPOINT A RECEIVER WHOSE NAME APPEARS ON SUCH LIST, AND SUCH
RECEIVER MAY ONLY APPOINT A MANAGING AGENT WHOSE NAME APPEARS ON SUCH
LIST.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05845-01-5