Senate Bill S5372

Signed By Governor
2019-2020 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 - Signed by Governor


  • 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-S5372 (ACTIVE) - Details

See Assembly Version of this Bill:
A440
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: A6685
2017-2018: A1785

2019-S5372 (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.

2019-S5372 (ACTIVE) - Sponsor Memo

2019-S5372 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5372
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              April 29, 2019
                                ___________
 
 Introduced  by  Sen.  COMRIE -- 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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