S T A T E O F N E W Y O R K
________________________________________________________________________
5516
2025-2026 Regular Sessions
I N A S S E M B L Y
February 14, 2025
___________
Introduced by M. of A. JACKSON, HYNDMAN -- read once and referred to the
Committee on Judiciary
AN ACT to amend the real property actions and proceedings law, in
relation to the appointment of receivers in actions to foreclose a
mortgage
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 1 of section 1325 of the real property actions
and proceedings law, as added by chapter 312 of the laws of 1962, is
amended to read as follows:
1. (A) Where the action is for the foreclosure of a mortgage providing
that a receiver may be appointed without notice, notice of a motion for
such appointment shall not be required.
(B) IN A CITY WITH A POPULATION OF ONE MILLION OR MORE, THE AGENCY
HAVING JURISDICTION FOR ADMINISTERING AND ENFORCING THE LAWS, RULES AND
REGULATIONS RELATING TO THE OPERATION, REPAIR OR MAINTENANCE OF RESIDEN-
TIAL REAL PROPERTY MAY SUBMIT TO THE CHIEF ADMINISTRATIVE JUDGE OF THE
SUPREME COURT A LIST OF PERSONS SUCH AGENCY HAS DETERMINED TO BE QUALI-
FIED TO BE APPOINTED AS A RECEIVER OR AS A MANAGING AGENT. WHERE SUCH
AGENCY SUBMITS SUCH LIST TO THE CHIEF ADMINISTRATIVE JUDGE, THE COURT
MAY ONLY APPOINT A RECEIVER WHOSE NAME APPEARS ON SUCH LIST, AND SUCH
RECEIVER MAY ONLY APPOINT A MANAGING AGENT WHOSE NAME APPEARS ON SUCH
LIST.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06548-01-5
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