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Senate Bill S7977

2017-2018 Legislative Session

Relates to required notices in a residential mortgage foreclosure action

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Sponsored By

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

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2017-S7977 (ACTIVE) - Details

See Assembly Version of this Bill:
A8984
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Actions and Proceedings Law
Laws Affected:
Amd §1303, RPAP L
Versions Introduced in Other Legislative Sessions:
2015-2016: A9394
2019-2020: A1725
2021-2022: A1437
2023-2024: A177

2017-S7977 (ACTIVE) - Summary

Relates to required notices in a residential mortgage foreclosure action.

2017-S7977 (ACTIVE) - Sponsor Memo

2017-S7977 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7977
 
                             I N  S E N A T E
 
                              March 15, 2018
                                ___________
 
 Introduced by Sen. MARCHIONE -- 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  required  notices  in a residential mortgage foreclosure
   action
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 1303 of the real property actions and proceedings
 law is amended by adding a new subdivision 8 to read as follows:
   8. IF THE PLAINTIFF IN A RESIDENTIAL MORTGAGE  FORECLOSURE  ACTION  IS
 OTHER  THAN  A  NATURAL PERSON, THE PLAINTIFF SHALL NOTIFY THE MUNICIPAL
 CLERK OF THE MUNICIPALITY IN WHICH THE REAL PROPERTY IS  LOCATED  WITHIN
 FIVE CALENDAR DAYS OF THE FILING OF THE NOTICE OF PENDENCY FOR THE FORE-
 CLOSURE ACTION.
   §  2.  This  act  shall take effect on the sixtieth day after it shall
 have become a law.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09342-04-7

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