Assembly Bill A6061

2019-2020 Legislative Session

Prohibits mortgagee from refusing to accept partial mortgage payments

download bill text pdf

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Archive: Last Bill Status - Stricken

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A6061 (ACTIVE) - Details

See Senate Version of this Bill:
S5355
Law Section:
Real Property Law
Laws Affected:
Add §254-e, RP L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8040, S6541
2013-2014: A2069, A9276, S317
2015-2016: A1226, S233
2017-2018: A5376, S4954
2021-2022: S3710
2023-2024: S1705

2019-A6061 (ACTIVE) - Summary

Prohibits mortgagee from refusing to accept partial mortgage payments from a mortgagor which does not bring the mortgagor current on his or her mortgage debt.

2019-A6061 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6061
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 26, 2019
                                ___________
 
 Introduced  by  M.  of A. TITUS, JAFFEE, M. G. MILLER, WEPRIN, L. ROSEN-
   THAL, COOK, STECK -- read once and referred to the Committee on  Judi-
   ciary
 
 AN  ACT to amend the real property law, in relation to prohibiting mort-
   gagee from refusing to accept partial mortgage payments

   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
 254-e to read as follows:
   § 254-E. REFUSAL BY MORTGAGEE TO ACCEPT PARTIAL MORTGAGE PAYMENTS.  1.
 NO  MORTGAGEE  SHALL  REFUSE  TO  ACCEPT  A PARTIAL PAYMENT OF AN ENTIRE
 AMOUNT DUE FROM A MORTGAGOR WHICH DOES NOT BRING THE  MORTGAGOR  CURRENT
 ON HIS OR HER MORTGAGE DEBT.
   2.  THE PROVISIONS OF THIS SECTION SHALL NOT BAR ANY OTHER CONTRACTUAL
 OR STATUTORY RIGHTS OR REMEDIES AVAILABLE TO A MORTGAGOR.
   § 2. This act shall take effect on the thirtieth day  after  it  shall
 have become a law.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07728-01-9

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