Senate Bill S5378

2017-2018 Legislative Session

Relates to requiring a mortgagor to provide notice of imminent foreclosure

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Judiciary 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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2017-S5378 (ACTIVE) - Details

See Assembly Version of this Bill:
A7095
Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Add §235-h, RP L
Versions Introduced in Other Legislative Sessions:
2019-2020: S1055, A6851
2021-2022: S57, A5529
2023-2024: S6524, A5241

2017-S5378 (ACTIVE) - Summary

Relates to requiring a mortgagor to provide notice of imminent foreclosure to his or her tenant or prospective tenant prior to he or she renewing or signing a lease agreement.

2017-S5378 (ACTIVE) - Sponsor Memo

2017-S5378 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5378
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              March 23, 2017
                                ___________
 
 Introduced  by  Sen. PERSAUD -- read twice and ordered printed, and when
   printed to be committed to the Committee on Judiciary
 
 AN ACT to amend the real property law, in relation to requiring a  mort-
   gagor  to  provide notice of imminent foreclosure to his or her tenant
   or tenants

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  real property law is amended by adding a new section
 235-h to read as follows:
   § 235-H. IMMINENT FORECLOSURE. 1. AS USED IN THIS  SECTION,  "IMMINENT
 FORECLOSURE"  SHALL  MEAN A MORTGAGOR HAS RECEIVED NOTICE OF FORECLOSURE
 DELIVERED ALONG WITH A SUMMONS AND COMPLAINT, AS REQUIRED IN SUBDIVISION
 TWO OF SECTION THIRTEEN HUNDRED THREE OF THE REAL PROPERTY  ACTIONS  AND
 PROCEEDINGS LAW.
   2. A MORTGAGOR SHALL, PRIOR TO THE TENANT OR PROSPECTIVE TENANT EITHER
 RENEWING  OR SIGNING A LEASE AGREEMENT, DISCLOSE TO HIS OR HER TENANT OR
 PROSPECTIVE TENANT OF IMMINENT FORECLOSURE.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10246-02-7

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