Do you support this bill?

Senate Bill S1072

2017-2018 Legislative Session

Provides for the appointment of foreclosure receivers and managing agents in cities having a population of one million or more

download bill text pdf

Sponsored By

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

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2017-S1072 (ACTIVE) - Details

See Assembly Version of this Bill:
A5953
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Amd §1325, RPAP L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5562
2015-2016: S1425, A7340
2019-2020: S481, A2178
2021-2022: S2536, A5980
2023-2024: S2954
2025-2026: S3823

2017-S1072 (ACTIVE) - Summary

Provides for the appointment of foreclosure receivers and managing agents in cities having a population of one million or more.

2017-S1072 (ACTIVE) - Sponsor Memo

2017-S1072 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1072
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2017
                                ___________
 
 Introduced  by  Sen.  RIVERA -- 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 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.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02112-01-7

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.