STATE OF NEW YORK
________________________________________________________________________
9998
IN ASSEMBLY
May 1, 2024
___________
Introduced by M. of A. JACKSON -- read once and referred to the Commit-
tee on Judiciary
AN ACT to amend the real property actions and proceedings law, in
relation to the appointment of receivers in actions to foreclose a
mortgage
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 1 of section 1325 of the real property actions
2 and proceedings law, as added by chapter 312 of the laws of 1962, is
3 amended to read as follows:
4 1. (a) Where the action is for the foreclosure of a mortgage providing
5 that a receiver may be appointed without notice, notice of a motion for
6 such appointment shall not be required.
7 (b) In a city with a population of one million or more, the agency
8 having jurisdiction for administering and enforcing the laws, rules and
9 regulations relating to the operation, repair or maintenance of residen-
10 tial real property may submit to the chief administrative judge of the
11 supreme court a list of persons such agency has determined to be quali-
12 fied to be appointed as a receiver or as a managing agent. Where such
13 agency submits such list to the chief administrative judge, the court
14 may only appoint a receiver whose name appears on such list, and such
15 receiver may only appoint a managing agent whose name appears on such
16 list.
17 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07029-01-3
