|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jan 08, 2020 |
referred to judiciary |
| Jan 10, 2019 |
referred to judiciary |
Senate Bill S1055
2019-2020 Legislative Session
Sponsored By
(D) 19th Senate District
Archive: Last Bill Status - In Senate Committee Judiciary Committee
- 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
Actions
2019-S1055 (ACTIVE) - Details
2019-S1055 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1055
SPONSOR: PERSAUD
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 immi-
nent foreclosure to his/her tenants or prospective tenants prior to
2019-S1055 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1055
2019-2020 Regular Sessions
I N S E N A T E
January 10, 2019
___________
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.
LBD00914-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.