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
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 12, 2019 signed chap.641
Dec 06, 2019 delivered to governor
Jun 20, 2019 returned to senate
passed assembly
ordered to third reading cal.216
substituted for a440a
Jun 19, 2019 referred to judiciary
Jun 18, 2019 delivered to assembly
passed senate
ordered to third reading cal.1557
committee discharged and committed to rules
Apr 29, 2019 referred to judiciary

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

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.

S5372 (ACTIVE) - Sponsor Memo

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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