| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Apr 13, 2026 |
print number 3737b |
| Apr 13, 2026 |
amend and recommit to judiciary print number 3737a |
| Apr 13, 2026 |
amend and recommit to judiciary |
| Jan 07, 2026 |
referred to judiciary |
| Apr 07, 2025 |
reported and committed to codes |
| Jan 29, 2025 |
referred to judiciary |
Senate Bill S3737B
2025-2026 Legislative Session
Sponsored By
(D) 10th Senate District
Current Bill Status - In Senate Committee Judiciary Committee
Actions
Votes
Bill Amendments
2025-S3737 - Details
2025-S3737 - Sponsor Memo
BILL NUMBER: S3737
SPONSOR: SANDERS
TITLE OF BILL:
An act to amend the real property law and the banking law, in relation
to preventing fraudulent deed transfers
PURPOSE OR GENERAL IDEA OF BILL:
This bill would prevent unscrupulous investors from taking advantage of
distressed homeowners by having them signed a deed, in most cases
unknowingly, to transfer ownership of property under the guise that by
doing so, they would receive assistance in saving their property from
foreclosure.
SUMMARY OF PROVISIONS:
This legislation seeks to prevent distressed homeowners from being
tricked into signing a deed transferring ownership of their property to
a third parties because they are seeking assistance to save their home
from foreclosure. in two ways. First, by requiring all deeds to include
2025-S3737 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3737
2025-2026 Regular Sessions
I N S E N A T E
January 29, 2025
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary
AN ACT to amend the real property law and the banking law, in relation
to preventing fraudulent deed transfers
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 333 of the real property law is amended by adding a
new subdivision 4 to read as follows:
4. A RECORDING OFFICER SHALL NOT RECORD OR ACCEPT FOR RECORD ANY
CONVEYANCE OF REAL PROPERTY AFFECTING LAND IN NEW YORK STATE UNLESS SUCH
CONVEYANCE CONTAINS, OR IS ACCOMPANIED BY AN ADDENDUM CONTAINING,
EXPLICIT AND BOLD LANGUAGE THAT READS, "YOU ARE HEREBY MADE AWARE THAT
BY SIGNING THIS DEED YOU ARE TRANSFERRING OWNERSHIP OF YOUR LAND OR
HOME", WITH A SIGNATURE LINE UNDER SUCH LANGUAGE WHICH SHALL CONTAIN A
NOTARIZED SIGNATURE OF THE TRANSFEROR. FAILURE OF A PERSON OR CORPO-
RATION TO USE A DEED WITHOUT SUCH WARNING LANGUAGE OR IF THE TRANSFEROR
DOES NOT SIGN THE ACKNOWLEDGEMENT TO COMPLETE SUCH DEED TRANSFER PURSU-
ANT TO THIS SECTION SHALL BE A CLASS E FELONY.
§ 2. Section 6-n of the banking law is amended by adding a new subdi-
vision 3 to read as follows:
3. NO DEED TRANSFER FROM A BORROWER TO A MORTGAGE SERVICER THAT IS
TRANSFERRED AS PART OF A MODIFICATION OF MORTGAGE TERMS SHALL BE CONSID-
ERED A VALID DEED TRANSFER. THE DEPARTMENT SHALL HAVE THE AUTHORITY TO
INVESTIGATE ANY DEED TRANSFER THAT IS IN VIOLATION OF THIS SUBDIVISION.
§ 3. Subdivision 1 of section 14 of the banking law is amended by
adding a new paragraph (t) to read as follows:
(T) TO PRESCRIBE THE METHODS AND STANDARDS UNDER WHICH THE DEPARTMENT
SHALL RECEIVE AND INVESTIGATE CLAIMS OF FRAUDULENT DEED TRANSFERS,
INCLUDING, BUT NOT LIMITED TO DEED TRANSFERS THAT ARE IN VIOLATION OF
SUBDIVISION THREE OF SECTION SIX-N OF THIS CHAPTER.
§ 4. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07911-01-5
2025-S3737A - Details
2025-S3737A - Sponsor Memo
BILL NUMBER: S3737A
SPONSOR: SANDERS
TITLE OF BILL:
An act to amend the real property law and the banking law, in relation
to preventing fraudulent deed transfers
PURPOSE OR GENERAL IDEA OF BILL:
This bill would prevent unscrupulous investors from taking advantage of
distressed homeowners by having them signed a deed, in most cases
unknowingly, to transfer ownership of property under the guise that by
doing so, they would receive assistance in saving their property from
foreclosure.
SUMMARY OF PROVISIONS:
This legislation seeks to prevent distressed homeowners from being
tricked into signing a deed transferring ownership of their property to
a third party because they are seeking assistance to save their home
from foreclosure, in two ways. First, by requiring all deeds to include
2025-S3737A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3737--A
2025-2026 Regular Sessions
I N S E N A T E
January 29, 2025
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary -- recommitted
to the Committee on Judiciary in accordance with Senate Rule 6, sec. 8
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT to amend the real property law and the banking law, in relation
to preventing fraudulent deed transfers
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 333 of the real property law is amended by adding a
new subdivision 4 to read as follows:
4. (A) A RECORDING OFFICER SHALL NOT RECORD OR ACCEPT FOR RECORDING
ANY CONVEYANCE OF REAL PROPERTY AFFECTING LAND IN NEW YORK STATE UNLESS
SUCH CONVEYANCE CONTAINS, OR IS ACCOMPANIED BY AN ADDENDUM CONTAINING,
EXPLICIT AND BOLD LANGUAGE THAT READS, "YOU ARE HEREBY MADE AWARE THAT
BY SIGNING THIS DEED YOU ARE TRANSFERRING OWNERSHIP OF YOUR LAND OR
HOME", WITH A SIGNATURE LINE UNDER SUCH LANGUAGE WHICH SHALL CONTAIN A
NOTARIZED SIGNATURE OF THE TRANSFEROR. FAILURE OF A PERSON OR CORPO-
RATION TO USE A DEED WITHOUT SUCH WARNING LANGUAGE OR IF THE TRANSFEROR
DOES NOT SIGN THE ACKNOWLEDGEMENT TO COMPLETE SUCH DEED TRANSFER PURSU-
ANT TO THIS SECTION SHALL BE SUBJECT TO CIVIL PENALTIES AS FOLLOWS:
(I) TWO HUNDRED FIFTY DOLLARS FOR A FIRST VIOLATION;
(II) FIVE HUNDRED DOLLARS FOR A SECOND VIOLATION WITHIN FIVE YEARS OF
A PRIOR VIOLATION; OR
(III) ONE THOUSAND DOLLARS FOR A THIRD OR SUBSEQUENT VIOLATION WITHIN
FIVE YEARS OF A PRIOR VIOLATION.
(B) EACH DEED OR ADDENDUM THAT FAILS TO COMPLY WITH THIS SECTION SHALL
CONSTITUTE A SEPARATE VIOLATION. CIVIL PENALTIES MAY BE IMPOSED BY THE
SECRETARY OF STATE FOLLOWING NOTICE AND AN OPPORTUNITY TO BE HEARD, OR
MAY BE RECOVERED IN A CIVIL ACTION BROUGHT BY THE ATTORNEY GENERAL.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07911-03-6
S. 3737--A 2
2025-S3737B (ACTIVE) - Details
2025-S3737B (ACTIVE) - Sponsor Memo
BILL NUMBER: S3737B
SPONSOR: SANDERS
TITLE OF BILL:
An act to amend the real property law and the banking law, in relation
to preventing fraudulent deed transfers
PURPOSE OR GENERAL IDEA OF BILL:
This bill would prevent unscrupulous investors from taking advantage of
distressed homeowners by having them signed a deed, in most cases
unknowingly, to transfer ownership of property under the guise that by
doing so, they would receive assistance in saving their property from
foreclosure.
SUMMARY OF PROVISIONS:
This legislation seeks to prevent distressed homeowners from being
tricked into signing a deed transferring ownership of their property to
a third party because they are seeking assistance to save their home
from foreclosure, in two ways. First, by requiring all deeds to include
2025-S3737B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3737--B
2025-2026 Regular Sessions
I N S E N A T E
January 29, 2025
___________
Introduced by Sen. SANDERS -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary -- recommitted
to the Committee on Judiciary in accordance with Senate Rule 6, sec. 8
-- 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 commit-
tee
AN ACT to amend the real property law and the banking law, in relation
to preventing fraudulent deed transfers
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 333 of the real property law is amended by adding a
new subdivision 4 to read as follows:
4. (A) A RECORDING OFFICER SHALL NOT RECORD OR ACCEPT FOR RECORDING
ANY CONVEYANCE OF REAL PROPERTY AFFECTING LAND IN NEW YORK STATE UNLESS
SUCH CONVEYANCE CONTAINS, OR IS ACCOMPANIED BY AN ADDENDUM CONTAINING,
EXPLICIT AND BOLD LANGUAGE THAT READS, "YOU ARE HEREBY MADE AWARE THAT
BY SIGNING THIS DEED YOU ARE TRANSFERRING OWNERSHIP OF YOUR LAND OR
HOME", WITH A SIGNATURE LINE UNDER SUCH LANGUAGE WHICH SHALL CONTAIN A
NOTARIZED SIGNATURE OF THE TRANSFEROR. FAILURE OF A PERSON OR CORPO-
RATION TO USE A DEED WITHOUT SUCH WARNING LANGUAGE OR IF THE TRANSFEROR
DOES NOT SIGN THE ACKNOWLEDGEMENT TO COMPLETE SUCH DEED TRANSFER PURSU-
ANT TO THIS SECTION SHALL BE SUBJECT TO CIVIL PENALTIES AS FOLLOWS:
(I) TWO HUNDRED FIFTY DOLLARS FOR A FIRST VIOLATION;
(II) FIVE HUNDRED DOLLARS FOR A SECOND VIOLATION; OR
(III) ONE THOUSAND DOLLARS FOR A THIRD OR SUBSEQUENT VIOLATION.
(B) EACH DEED OR ADDENDUM THAT FAILS TO COMPLY WITH THIS SECTION SHALL
CONSTITUTE A SEPARATE VIOLATION. CIVIL PENALTIES MAY BE IMPOSED BY THE
SECRETARY OF STATE FOLLOWING NOTICE AND AN OPPORTUNITY TO BE HEARD, OR
MAY BE RECOVERED IN A CIVIL ACTION BROUGHT BY THE ATTORNEY GENERAL.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07911-05-6
S. 3737--B 2
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.