|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 03, 2018||referred to judiciary|
|Jan 18, 2017||referred to judiciary|
senate Bill S2966
Archive: Last Bill Status - In Senate Committee Judiciary Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2966 (ACTIVE) - Details
S2966 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2966 TITLE OF BILL : An act to amend the real property law, in relation to notice of sale or transfer of ownership of residential property PURPOSE OR GENERAL IDEA OF BILL : To require the county clerk or city register to provide notice to the owner of record when recording a conveyance of residential real property. SUMMARY OF PROVISIONS : Section 1 of this bill amends section 291 of the Real Property Law to require the county clerk or city registrar, where applicable, to provide written notice to the title owner of record of the conveyance to a new owner. The person seeking to record such conveyance shall submit with the filing of the document of conveyance, a pre-stamped envelope with sufficient postage to mail a large envelope by first class mail. Section 2 of this bill provides that the act shall take effect on the ninetieth day after it shall have become a law. JUSTIFICATION :
S2966 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2966 2017-2018 Regular Sessions I N S E N A T E January 18, 2017 ___________ Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to notice of sale or transfer of ownership of residential property THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 291 of the real property law, as amended by chapter 447 of the laws of 1984, is amended to read as follows: § 291. Recording of conveyances. A conveyance of real property, with- in the state, on being duly acknowledged by the person executing the same, or proved as required by this chapter, and such acknowledgment or proof duly certified when required by this chapter, may be recorded in the office of the clerk of the county where such real property is situ- ated, and such county clerk OR CITY REGISTRAR WHERE APPLICABLE shall, upon the request of any party, on tender of the lawful fees therefor, record the same in [his] said office. Every such conveyance not so recorded is void as against any person who subsequently purchases or acquires by exchange or contracts to purchase or acquire by exchange, the same real property or any portion thereof, or acquires by assignment the rent to accrue therefrom as provided in section two hundred ninety- four-a of [the real property law] THIS ARTICLE, in good faith and for a valuable consideration, from the same vendor or assignor, his distribu- tees or devisees, and whose conveyance, contract or assignment is first duly recorded, and is void as against the lien upon the same real prop- erty or any portion thereof arising from payments made upon the execution of or pursuant to the terms of a contract with the same vendor, his distributees or devisees, if such contract is made in good faith and is first duly recorded. Notwithstanding the foregoing, any increase in the principal balance of a mortgage lien by virtue of the addition thereto of unpaid interest in accordance with the terms of the mortgage shall retain the priority of the original mortgage lien as so EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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