|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Dec 12, 2019||signed chap.641|
|Dec 06, 2019||delivered to governor|
|Jun 20, 2019||returned to senate|
ordered to third reading cal.216
substituted for a440a
|Jun 19, 2019||referred to judiciary|
|Jun 18, 2019||delivered to assembly|
ordered to third reading cal.1557
committee discharged and committed to rules
|Apr 29, 2019||referred to judiciary|
senate Bill S5372Signed By Governor
Archive: Last Bill Status - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
S5372 (ACTIVE) - Details
S5372 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5372 SPONSOR: COMRIE TITLE OF BILL: An act to amend the real property law, in relation to notice of sale or transfer of ownership of residential property PURPOSE: To require the county clerk or city register to provide notice to the owner of record when recording a conveyance of residential real proper- ty. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends 5 291 of the real property law to require the county clerk or city registrar, where applicable, to provide written notice to the title owner of record of the conveyance to a new owner. The party seeking to record such conveyance shall be ar the cost of such written notice. The clerk of the county or city registrar is entitled to charge a reasonable fee to cover the cost of mailing the envelope to the owner of record.
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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