senate Bill S2966

2017-2018 Legislative Session

Provides for a notice of conveyance of real property to be sent to the owners of record of residential real property

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Judiciary Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to judiciary
Jan 18, 2017 referred to judiciary

Co-Sponsors

S2966 (ACTIVE) - Details

See Assembly Version of this Bill:
A1785
Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §291, RP L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3518
2011-2012: A4748
2013-2014: A4813
2015-2016: S7955, A6685
2019-2020: A440

S2966 (ACTIVE) - Summary

Provides for a notice of conveyance of real property to be sent to the owners of record of residential real property; provides persons filing for conveyance shall bear the cost of mailing.

S2966 (ACTIVE) - Sponsor Memo

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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