Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 26, 2020 |
print number 8445b |
Jun 26, 2020 |
amend and recommit to housing, construction and community development |
Jun 15, 2020 |
print number 8445a |
Jun 15, 2020 |
amend and recommit to housing, construction and community development |
Jun 03, 2020 |
referred to housing, construction and community development |
Senate Bill S8445B
2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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
Bill Amendments
2019-S8445 - Details
- See Assembly Version of this Bill:
- A10553
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Actions and Proceedings Law
- Laws Affected:
- Add §1393, RPAP L
- Versions Introduced in Other Legislative Sessions:
-
2021-2022:
S1599, A2456
2023-2024: A4273
2019-S8445 - Sponsor Memo
BILL NUMBER: S8445 SPONSOR: SANDERS TITLE OF BILL: An act to amend the real property actions and proceedings law, in relation to imposing a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would provide relief to distressed residential or commercial property owners by imposing a temporary ban on the commencement of mort- gage foreclosure actions and the sale of foreclosed properties. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Provides for a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties for a period beginning with the effective date of this section and ending on the
2019-S8445 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8445 I N S E N A T E June 3, 2020 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the real property actions and proceedings law, in relation to imposing a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties; and provid- ing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property actions and proceedings law is amended by adding a new section 1393 to read as follows: § 1393. TEMPORARY BAN ON FORECLOSURE ACTIONS AND SALES OF FORECLOSED PROPERTIES. 1. IF A MORTGAGE FORECLOSURE ACTION FOR A RESIDENTIAL OR COMMERCIAL REAL PROPERTY IS FILED IN A COURT DURING THE COVERED PERIOD, THE COURT SHALL STAY THE PROCEEDINGS UNTIL A DATE FOLLOWING THE END OF THE COVERED PERIOD, TO BE DETERMINED BY THE COURT. 2. ANY SALE, FORECLOSURE, OR SEIZURE, FOR A BREACH OF AN OBLIGATION BY A MORTGAGOR, UNDER THIS CHAPTER, OF A RESIDENTIAL OR COMMERCIAL REAL PROPERTY SHALL BE PROHIBITED DURING THE COVERED PERIOD. 3. FOR THE PURPOSES OF THIS SECTION, THE TERM "THE COVERED PERIOD" SHALL MEAN THE PERIOD OF TIME BEGINNING ON THE EFFECTIVE DATE OF THIS SECTION AND ENDING ON THE ONE HUNDRED TWENTIETH DAY FOLLOWING THE EFFEC- TIVE DATE OF THIS SECTION. § 2. This act shall take effect immediately and shall expire and be deemed repealed 1 year after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16379-01-0
2019-S8445A - Details
- See Assembly Version of this Bill:
- A10553
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Actions and Proceedings Law
- Laws Affected:
- Add §1393, RPAP L
- Versions Introduced in Other Legislative Sessions:
-
2021-2022:
S1599, A2456
2023-2024: A4273
2019-S8445A - Sponsor Memo
BILL NUMBER: S8445A SPONSOR: SANDERS TITLE OF BILL: An act to amend the real property actions and proceedings law, in relation to imposing a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would provide relief to distressed residential or commercial property owners by imposing a temporary ban on the commencement of mort- gage foreclosure actions and the sale of foreclosed properties. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Provides for a temporary ban on the commencement of mortgage foreclosure actions, proceeding with a pending foreclosure action or the sale of foreclosed properties for the covered period beginning March 7,
2019-S8445A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8445--A I N S E N A T E June 3, 2020 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property actions and proceedings law, in relation to imposing a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties; and provid- ing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property actions and proceedings law is amended by adding a new section 1393 to read as follows: § 1393. TEMPORARY BAN ON FORECLOSURE ACTIONS AND SALES OF FORECLOSED PROPERTIES. 1. EXCEPT WITH RESPECT TO A VACANT OR ABANDONED PROPERTY, STATE REGULATED SERVICERS, BANKS AND/OR CREDIT UNIONS OF A MORTGAGE LOAN MAY NOT INITIATE ANY JUDICIAL PROCESS, MOVE FOR A FORECLOSURE JUDGMENT OR EXECUTE A FORECLOSURE-RELATED EVICTION OR FORECLOSURE SALE OF REAL PROPERTIES FOR TWELVE MONTHS AFTER THE DATE THAT THE COVERED PERIOD ENDS. 2. (A) DURING SUCH MORATORIUM PERIOD, STATE REGULATED MORTGAGEES ARE REQUIRED TO EITHER: (I) PARTICIPATE IN THE MANDATORY SETTLEMENT CONFER- ENCE PURSUANT TO RULE THIRTY-FOUR HUNDRED EIGHT OF THE CIVIL PRACTICE LAW AND RULES FOR ALL PENDING FORECLOSURE ACTIONS INCLUDING ACTIONS WHERE THE MORTGAGOR APPEARED AT A PRIOR SETTLEMENT CONFERENCE AND THE CASE WAS MARKED UNSETTLED. THIS REQUIREMENT SHALL NOT APPLY TO PENDING FORECLOSURE ACTIONS WHERE A MORTGAGOR HAS NOT APPEARED AT A PRIOR SETTLEMENT CONFERENCE; OR (II) ENGAGE THE MORTGAGORS IN A PRE-FORECLO- SURE WORKOUT TO NEGOTIATE IN GOOD FAITH A MODIFICATION OR FORBEARANCE AGREEMENTS IN ACCORDANCE WITH RULE THIRTY-FOUR HUNDRED EIGHT OF THE CIVIL PRACTICE LAW AND RULES. (B) THE MORTGAGORS MUST DEMONSTRATE COMPLIANCE WITH THIS REQUIREMENT IN ORDER TO COMMENCE OR PROCEED WITH A FORECLOSURE ACTION AFTER THE COVERED PERIOD HAS EXPIRED. FAILURE TO DEMONSTRATE COMPLIANCE SHALL BE AN AFFIRMATIVE DEFENSE TO THE FORECLOSURE ACTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
2019-S8445B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10553
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Actions and Proceedings Law
- Laws Affected:
- Add §1393, RPAP L
- Versions Introduced in Other Legislative Sessions:
-
2021-2022:
S1599, A2456
2023-2024: A4273
2019-S8445B (ACTIVE) - Sponsor Memo
BILL NUMBER: S8445B SPONSOR: SANDERS TITLE OF BILL: An act to amend the real property actions and proceedings law, in relation to imposing a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties; and providing for the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would provide relief to distressed residential or commercial property owners by imposing a temporary ban on the commencement of mort- gage foreclosure actions, on pending foreclosure actions and the sale of foreclosed properties. During the moratorium, the lenders/servicers are required to negotiate in good faith a modification or forbearance agree- ments with the borrowers to resolve the default SUMMARY OF SPECIFIC PROVISIONS:
2019-S8445B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8445--B I N S E N A T E June 3, 2020 ___________ Introduced by Sen. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property actions and proceedings law, in relation to imposing a temporary ban on the commencement of mortgage foreclosure actions and the sale of foreclosed properties; and provid- ing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property actions and proceedings law is amended by adding a new section 1393 to read as follows: § 1393. TEMPORARY BAN ON FORECLOSURE ACTIONS AND SALES OF FORECLOSED PROPERTIES. 1. EXCEPT WITH RESPECT TO A VACANT OR ABANDONED PROPERTY, STATE REGULATED SERVICERS, BANKS AND/OR CREDIT UNIONS OF A MORTGAGE LOAN MAY NOT INITIATE ANY JUDICIAL PROCESS, MOVE FOR A FORECLOSURE JUDGMENT OR EXECUTE A FORECLOSURE-RELATED EVICTION OR FORECLOSURE SALE OF REAL PROPERTIES FOR TWELVE MONTHS AFTER THE DATE THAT THE COVERED PERIOD ENDS. 2. (A) DURING SUCH MORATORIUM PERIOD, STATE REGULATED MORTGAGEES, LENDERS OR SERVICERS ARE REQUIRED TO EITHER: (I) SEND THE BORROWER A NOTICE OF DEFAULT IN ACCORDANCE WITH THE TERM OF THE MORTGAGE LOAN, WHICH SHALL INCLUDE A LIST OF STATE CERTIFIED HOUSING COUNSELING AGEN- CIES AND A LIST OF STATE FUNDED LEGAL SERVICES WHERE THE PROPERTY IS LOCATED. THIS REQUIREMENT IS NOT A SUBSTITUTE FOR THE NOTICE REQUIRED UNDER SECTION THIRTEEN HUNDRED FOUR OF THIS ARTICLE; (II) PARTICIPATE IN THE MANDATORY SETTLEMENT CONFERENCE PURSUANT TO RULE THIRTY-FOUR HUNDRED EIGHT OF THE CIVIL PRACTICE LAW AND RULES FOR ALL PENDING FORECLOSURE ACTIONS INCLUDING ACTIONS WHERE THE MORTGAGOR APPEARED AT A PRIOR SETTLEMENT CONFERENCE AND THE CASE WAS MARKED UNSETTLED. THIS REQUIRE- MENT SHALL NOT APPLY TO PENDING FORECLOSURE ACTIONS WHERE A MORTGAGOR HAS NOT APPEARED AT A PRIOR SETTLEMENT CONFERENCE; OR (III) ENGAGE THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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