Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 06, 2018 |
reported referred to codes |
May 31, 2018 |
print number 1563a |
May 31, 2018 |
amend and recommit to judiciary |
Jan 03, 2018 |
referred to judiciary |
Jan 12, 2017 |
referred to judiciary |
Assembly Bill A1563A
2017-2018 Legislative Session
Sponsored By
MAGNARELLI
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
Bill Amendments
co-Sponsors
John T. McDonald III
Patricia Fahy
David Buchwald
Michael G. Miller
multi-Sponsors
Vivian Cook
Steven Englebright
William Magee
Frank Skartados
2017-A1563 - Details
2017-A1563 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1563 2017-2018 Regular Sessions I N A S S E M B L Y January 12, 2017 ___________ Introduced by M. of A. MAGNARELLI, McDONALD, FAHY, BUCHWALD, M. G. MILL- ER, JAFFEE, BRINDISI, GUNTHER, OTIS, STECK, ORTIZ, SKOUFIS, JOYNER, BLAKE, JEAN-PIERRE, GALEF, WALKER, HYNDMAN -- Multi-Sponsored by -- M. of A. COOK, ENGLEBRIGHT, MAGEE, SKARTADOS, THIELE -- read once and referred to the Committee on Judiciary AN ACT to amend the real property actions and proceedings law, in relation to authorizing municipalities to compel mortgagees either to complete a mortgage foreclosure proceeding pursuant to article 13 of the real property actions and proceedings law or to issue a certif- icate of discharge of the mortgage for any property which has been certified abandoned pursuant to real property actions and proceedings law section 1971 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "zombie property remediation act of 2017". § 2. The real property actions and proceedings law is amended by adding a new section 1392 to read as follows: § 1392. FORECLOSURE ACTIONS INVOLVING ABANDONED PROPERTIES. IF A PROPERTY HAS BEEN CERTIFIED ABANDONED PURSUANT TO SECTION NINETEEN HUNDRED SEVENTY-ONE OF THIS CHAPTER, THE CITY, VILLAGE, OR TOWN IN WHICH THE PROPERTY IS LOCATED MAY COMMENCE A PROCEEDING IN A COURT OF COMPE- TENT JURISDICTION IN THE COUNTY IN WHICH THE PROPERTY IS LOCATED TO COMPEL ANY OR ALL MORTGAGEES TO EITHER: (A) COMPLETE A MORTGAGE FORECLO- SURE PROCEEDING PURSUANT TO THIS ARTICLE WITHIN A REASONABLE TIME PERIOD AS DETERMINED BY THE COURT; OR (B) ISSUE A CERTIFICATE OF DISCHARGE OF THE MORTGAGE. § 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07365-01-7
co-Sponsors
John T. McDonald III
Patricia Fahy
David Buchwald
Michael G. Miller
multi-Sponsors
Vivian Cook
Steven Englebright
William Magee
Frank Skartados
2017-A1563A (ACTIVE) - Details
2017-A1563A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1563--A 2017-2018 Regular Sessions I N A S S E M B L Y January 12, 2017 ___________ Introduced by M. of A. MAGNARELLI, McDONALD, FAHY, BUCHWALD, M. G. MILL- ER, JAFFEE, BRINDISI, GUNTHER, OTIS, STECK, ORTIZ, SKOUFIS, JOYNER, BLAKE, JEAN-PIERRE, GALEF, WALKER, HYNDMAN -- Multi-Sponsored by -- M. of A. COOK, ENGLEBRIGHT, MAGEE, THIELE -- read once and referred to the Committee on Judiciary -- recommitted to the Committee on Judici- ary in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property actions and proceedings law, in relation to authorizing municipalities to compel mortgagees either to complete a mortgage foreclosure proceeding pursuant to article 13 of the real property actions and proceedings law or to issue a certif- icate of discharge of the mortgage for any property which has been certified abandoned pursuant to real property actions and proceedings law section 1971 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "zombie property remediation act of 2018". § 2. The real property actions and proceedings law is amended by adding a new section 1392 to read as follows: § 1392. FORECLOSURE ACTIONS INVOLVING ABANDONED PROPERTIES. IF A PROPERTY HAS BEEN CERTIFIED ABANDONED PURSUANT TO SECTION NINETEEN HUNDRED SEVENTY-ONE OF THIS CHAPTER, OR DEEMED VACANT AND ABANDONED PURSUANT TO SECTION THIRTEEN HUNDRED NINE OF THIS ARTICLE, THE CITY, VILLAGE, OR TOWN IN WHICH THE PROPERTY IS LOCATED MAY COMMENCE A PROCEEDING IN A COURT OF COMPETENT JURISDICTION IN THE COUNTY IN WHICH THE PROPERTY IS LOCATED TO COMPEL ANY OR ALL MORTGAGEES TO: (A) IF THE NOTE IS IN DEFAULT, THE MORTGAGEE SHALL COMMENCE A FORECLOSURE PROCEDURE WITHIN THREE MONTHS AND MOVE THE CASE TO JUDGMENT WITHIN A REASONABLE TIME PERIOD BUT NOT TO EXCEED ONE YEAR; (B) IF A FORECLOSURE HAS ALREADY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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