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The Laws of New York
Consolidated Laws of New York
CHAPTER 50
Real Property
ARTICLE 8
Conveyances and Mortgages
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SECTION 254-C
Right to a copy of real property appraisals and consumer reports in certain cases
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ARTICLE 8
Conveyances and Mortgages
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SECTION 255
Construction of grant of appurtenances and of all the rights and estate of grantor
This entry was published on 2014-09-22
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SECTION 254-D
Fees by mortgagee for direct payment of real property taxes by mortgagor prohibited
Real Property (RPP) CHAPTER 50, ARTICLE 8
§ 254-d. Fees by mortgagee for direct payment of real property taxes
by mortgagor prohibited. No mortgagor on a loan secured primarily by an
interest in real property shall be charged a fee by the mortgagee
because the parties have agreed that the mortgagor shall pay real
property taxes on such real property directly to the taxing authority or
authorities and not in escrow to the mortgagee or the mortgagee's agent.