Assembly Bill A9339

2015-2016 Legislative Session

Relates to the definition of residence and residential real property

download bill text pdf

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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

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2015-A9339 (ACTIVE) - Details

Current Committee:
Assembly Banks
Law Section:
Real Property Law
Laws Affected:
Amd ยง265-a, RP L
Versions Introduced in Other Legislative Sessions:
2017-2018: A1688
2019-2020: A5880

2015-A9339 (ACTIVE) - Summary

Relates to the definition of residence and residential real property.

2015-A9339 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9339

                          I N  A S S E M B L Y

                            February 23, 2016
                               ___________

Introduced by M. of A. MOSLEY -- read once and referred to the Committee
  on Banks

AN  ACT to amend the real property law, in relation to the definition of
  residence and residential real property

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (k) of subdivision 2 of section 265-a of the real
property law, as added by chapter 308 of the laws of 2006, is amended to
read as follows:
  (k) "Residence" and "residential real property" means residential real
property consisting of one- to four-family dwelling units[, one of which
the  equity  seller  occupies or occupied at a time immediately prior to
the equity sale as his or her primary residence].
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13525-01-6

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