Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to judiciary |
Mar 12, 2009 |
referred to judiciary |
Assembly Bill A6756
2009-2010 Legislative Session
Sponsored By
BRENNAN
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Barbara Clark
Hakeem Jeffries
Felix Ortiz
Annette Robinson
multi-Sponsors
Peter Abbate
Marc Alessi
Thomas Alfano
Carmen E. Arroyo
2009-A6756 (ACTIVE) - Details
- Current Committee:
- Assembly Judiciary
- Law Section:
- Real Property Actions and Proceedings Law
- Laws Affected:
- Add §1305, RPAP L
- Versions Introduced in 2011-2012 Legislative Session:
-
A7277
2009-A6756 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6756 2009-2010 Regular Sessions I N A S S E M B L Y March 12, 2009 ___________ Introduced by M. of A. BRENNAN, CLARK, JEFFRIES, ORTIZ, ROBINSON, ROSEN- THAL, DIAZ, PERRY, CAMARA, CAHILL, GALEF, J. RIVERA, P. RIVERA, SCAR- BOROUGH, BOYLAND, N. RIVERA, BRODSKY, LANCMAN, KAVANAGH, DINOWITZ, RAMOS, MAISEL, ESPAILLAT, HOOPER, ENGLEBRIGHT, SPANO -- Multi-Spon- sored by -- M. of A. ABBATE, ALESSI, ALFANO, ARROYO, AUBRY, BENEDETTO, BENJAMIN, BING, BROOK-KRASNY, COLTON, COOK, CYMBROWITZ, DelMONTE, DESTITO, EDDINGTON, FIELDS, GABRYSZAK, GLICK, GOTTFRIED, GREENE, HEASTIE, HOYT, HYER-SPENCER, JACOBS, JAFFEE, JOHN, KELLNER, KOON, LENTOL, LIFTON, V. LOPEZ, LUPARDO, MARKEY, McENENY, MILLMAN, NOLAN, PEOPLES, PERALTA, PHEFFER, POWELL, PRETLOW, QUINN, REILLY, SALADINO, SCHIMEL, SWEENEY, TITUS, WALKER, WEISENBERG, WRIGHT -- read once and referred to the Committee on Judiciary AN ACT to amend the real property actions and proceedings law, in relation to providing foreclosure relief; and providing 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. Legislative intent. The legislature declares that a public emergency exists in regards to real estate foreclosures due to the extension of fundamentally unaffordable mortgage loans, fundamentally unaffordable second mortgages and fundamentally unaffordable home equity loans. Many such loans were extended under conditions which evince deception, misrepresentation and fraud on the part of many lenders and agents. This is particularly true of loans which qualify as subprime. The presence of such subprime loans is distorting the New York state real estate market. The problems associated with these subprime loans are adversely affecting availability of capital, the demand for housing, and the value of real estate. The financial problems created by such subprime loans threaten to spill over into the rest of the real estate market and the general economy. It is in the interest of New York state to ensure the rights of all parties are protected and that all foreclo- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07381-01-9
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