Senate Bill S1475

2025-2026 Legislative Session

Excludes certain real property conveyances from the written notice requirement

download bill text pdf

Sponsored By

Current 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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2025-S1475 (ACTIVE) - Details

See Assembly Version of this Bill:
A4623
Current Committee:
Senate Judiciary
Law Section:
Real Property Law
Laws Affected:
Amd §291, RP L
Versions Introduced in Other Legislative Sessions:
2021-2022: S7751, A9107
2023-2024: S1224, A2403

2025-S1475 (ACTIVE) - Summary

Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.

2025-S1475 (ACTIVE) - Sponsor Memo

2025-S1475 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1475
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 10, 2025
                                ___________
 
 Introduced  by Sens. BORRELLO, OBERACKER, ORTT -- read twice and ordered
   printed, and when printed to be committed to the Committee on  Judici-
   ary
 
 AN  ACT to amend the real property law, in relation to excluding certain
   real property conveyances from the written notice requirement

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 291 of the real property law, as amended by chapter
 641 of the laws of 2019, is amended to read as follows:
   § 291. Recording of conveyances. A conveyance of real property, within
 the  state, on being duly acknowledged by the person executing the same,
 or proved as required by this chapter, and such acknowledgment or  proof
 duly  certified  when  required  by this chapter, may be recorded in the
 office of the clerk of the county where such real property is  situated,
 and such county clerk or city registrar where applicable shall, upon the
 request  of any party, on tender of the lawful fees therefor, record the
 same in said office. Every such conveyance not so recorded  is  void  as
 against any person who subsequently purchases or acquires by exchange or
 contracts  to purchase or acquire by exchange, the same real property or
 any portion thereof, or acquires by assignment the rent to accrue there-
 from as provided in section two hundred ninety-four-a of  this  article,
 in  good faith and for a valuable consideration, from the same vendor or
 assignor, [his] SUCH VENDOR OR ASSIGNOR'S distributees or devisees,  and
 whose  conveyance, contract or assignment is first duly recorded, and is
 void as against the lien upon the same  real  property  or  any  portion
 thereof  arising from payments made upon the execution of or pursuant to
 the terms of a contract  with  the  same  vendor,  [his]  SUCH  VENDOR'S
 distributees  or devisees, if such contract is made in good faith and is
 first duly recorded.  Notwithstanding the foregoing, any increase in the
 principal balance of a mortgage lien by virtue of the  addition  thereto
 of  unpaid  interest  in accordance with the terms of the mortgage shall
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04538-01-5
              

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