| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 03, 2018 |
referred to judiciary |
| Mar 23, 2017 |
referred to judiciary |
Senate Bill S5378
2017-2018 Legislative Session
Sponsored By
(D) 19th Senate District
Archive: Last Bill Status - In Senate Committee Judiciary Committee
Actions
2017-S5378 (ACTIVE) - Details
2017-S5378 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5378
TITLE OF BILL : An act to amend the real property law, in relation
to requiring a mortgagor to provide notice of imminent foreclosure to
his or her tenant or tenants
PURPOSE OR GENERAL IDEA OF BILL :
The purpose of this bill is to add a new section that will require a
mortgagor to provide notice of imminent foreclosure to his/her tenants
or potential tenants prior to signing or renewing a lease agreement.
SUMMARY OF SPECIFIC PROVISIONS :
The real property law is being amended by adding a new section, 235-h.
235-which states that "imminent foreclosure" shall mean a mortgagor
has received notice of foreclosure delivered along with a summons and
complaint, as required in subdivision 2 of section 1303 of the real
property actions and proceedings law. A mortgagor shall disclose
imminent foreclosure to his/her tenants or prospective tenants prior
to signing or renewing a lease.
JUSTIFICATION :
This bill is designed to protect the rights of tenant/s and or
prospective tenants by requiring mortgagers to disclose to his/her
2017-S5378 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5378
2017-2018 Regular Sessions
I N S E N A T E
March 23, 2017
___________
Introduced by Sen. PERSAUD -- 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 requiring a mort-
gagor to provide notice of imminent foreclosure to his or her tenant
or tenants
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The real property law is amended by adding a new section
235-h to read as follows:
§ 235-H. IMMINENT FORECLOSURE. 1. AS USED IN THIS SECTION, "IMMINENT
FORECLOSURE" SHALL MEAN A MORTGAGOR HAS RECEIVED NOTICE OF FORECLOSURE
DELIVERED ALONG WITH A SUMMONS AND COMPLAINT, AS REQUIRED IN SUBDIVISION
TWO OF SECTION THIRTEEN HUNDRED THREE OF THE REAL PROPERTY ACTIONS AND
PROCEEDINGS LAW.
2. A MORTGAGOR SHALL, PRIOR TO THE TENANT OR PROSPECTIVE TENANT EITHER
RENEWING OR SIGNING A LEASE AGREEMENT, DISCLOSE TO HIS OR HER TENANT OR
PROSPECTIVE TENANT OF IMMINENT FORECLOSURE.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10246-02-7
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