Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to housing, construction and community development |
Mar 16, 2015 |
referred to housing, construction and community development |
Senate Bill S4357
2015-2016 Legislative Session
Sponsored By
(D) 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
co-Sponsors
(D, WF) Senate District
(D) 19th Senate District
2015-S4357 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Real Property Actions and Proceedings Law
- Laws Affected:
- Amd ยง1354, RPAP L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2955
2011-2012: S3589
2013-2014: S2969
2017-2018: S2443
2015-S4357 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4357 TITLE OF BILL: An act to amend the real property actions and proceedings law, in relation to granting certain tenants the right to relocation costs from the proceeds of a foreclosure sale PURPOSE: To provide relocation assistance for tenants whose property owner's property enters into foreclosure. SUMMARY OF PROVISIONS: Section 1 amends 1354 of the real property actions and proceedings law by adding new subdivision 2-a regarding disbursing funds from the sale of the property to tenants whose leases have not expired, not to exceed $1,500. Section 2 states the effective date. JUSTIFICATION: Securing housing options for NYS residents is crucial in this economic climate. The government needs to protect residents should their property owner's property go into foreclosure. As it stands finding affordable housing in NYS is difficult. this is especially the case when residents are unexpectedly displaced. However, there is no current law/statute in place to this effect. This bill would address
2015-S4357 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4357 2015-2016 Regular Sessions I N S E N A T E March 16, 2015 ___________ Introduced by Sen. HAMILTON -- 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 granting certain tenants the right to relocation costs from the proceeds of a foreclosure sale THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1354 of the real property actions and proceedings law is amended by adding a new subdivision 2-a to read as follows: 2-A. THE OFFICER CONDUCTING THE SALE SHALL PAY OUT OF THE PROCEEDS, THE RELOCATION COSTS, NOT EXCEEDING ONE THOUSAND FIVE HUNDRED DOLLARS PER LESSEE, OF ANY LESSEE OF AN INTEREST IN THE PROPERTY SOLD WHO IS REQUIRED TO VACATE THE REAL PROPERTY PRIOR TO THE TERMINATION OF HIS OR HER LEASE. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08467-01-5
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