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Assembly Bill A1563A

2017-2018 Legislative Session

Enacts the "zombie property remediation act of 2018"

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

multi-Sponsors

2017-A1563 - Details

Current Committee:
Assembly Codes
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Add §1392, RPAP L
Versions Introduced in Other Legislative Sessions:
2015-2016: A9655
2019-2020: A1859

2017-A1563 - Summary

Enacts the "zombie" property remediation act of 2018.

2017-A1563 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1563
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 12, 2017
                                ___________
 
 Introduced by M. of A. MAGNARELLI, McDONALD, FAHY, BUCHWALD, M. G. MILL-
   ER,  JAFFEE,  BRINDISI,  GUNTHER, OTIS, STECK, ORTIZ, SKOUFIS, JOYNER,
   BLAKE, JEAN-PIERRE, GALEF, WALKER, HYNDMAN -- Multi-Sponsored by -- M.
   of A.  COOK, ENGLEBRIGHT, MAGEE, SKARTADOS, THIELE --  read  once  and
   referred to the Committee on Judiciary

 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 2017".
   §  2.  The  real  property  actions  and proceedings law is amended by
 adding a new section 1392 to read as follows:
   § 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 THIS ARTICLE WITHIN A REASONABLE TIME PERIOD
 AS DETERMINED BY THE COURT; OR (B) ISSUE A CERTIFICATE OF  DISCHARGE  OF
 THE MORTGAGE.
   § 3. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07365-01-7

co-Sponsors

multi-Sponsors

2017-A1563A (ACTIVE) - Details

Current Committee:
Assembly Codes
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Add §1392, RPAP L
Versions Introduced in Other Legislative Sessions:
2015-2016: A9655
2019-2020: A1859

2017-A1563A (ACTIVE) - Summary

Enacts the "zombie" property remediation act of 2018.

2017-A1563A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1563--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 12, 2017
                                ___________
 
 Introduced by M. of A. MAGNARELLI, McDONALD, FAHY, BUCHWALD, M. G. MILL-
   ER,  JAFFEE,  BRINDISI,  GUNTHER, OTIS, STECK, ORTIZ, SKOUFIS, JOYNER,
   BLAKE, JEAN-PIERRE, GALEF, WALKER, HYNDMAN -- Multi-Sponsored by -- M.
   of A.  COOK, ENGLEBRIGHT, MAGEE, THIELE -- read once and  referred  to
   the  Committee on Judiciary -- recommitted to the Committee on Judici-
   ary  in  accordance  with  Assembly  Rule  3,  sec.  2  --   committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 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 2018".
   §  2.  The  real  property  actions  and proceedings law is amended by
 adding a new section 1392 to read as follows:
   § 1392. FORECLOSURE ACTIONS INVOLVING  ABANDONED  PROPERTIES.    IF  A
 PROPERTY  HAS  BEEN  CERTIFIED  ABANDONED  PURSUANT  TO SECTION NINETEEN
 HUNDRED SEVENTY-ONE OF THIS CHAPTER,  OR  DEEMED  VACANT  AND  ABANDONED
 PURSUANT  TO  SECTION  THIRTEEN  HUNDRED NINE OF THIS ARTICLE, THE CITY,
 VILLAGE, OR TOWN IN  WHICH  THE  PROPERTY  IS  LOCATED  MAY  COMMENCE  A
 PROCEEDING  IN  A COURT OF COMPETENT JURISDICTION IN THE COUNTY IN WHICH
 THE PROPERTY IS LOCATED TO COMPEL ANY OR ALL MORTGAGEES TO: (A)  IF  THE
 NOTE IS IN DEFAULT, THE MORTGAGEE SHALL COMMENCE A FORECLOSURE PROCEDURE
 WITHIN  THREE  MONTHS  AND MOVE THE CASE TO JUDGMENT WITHIN A REASONABLE
 TIME PERIOD BUT NOT TO EXCEED ONE YEAR; (B) IF A FORECLOSURE HAS ALREADY
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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