New York State Assembly

Bill No.:  

 
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A00177 Summary:

BILL NO	A00177
SAME AS	No Same As
SPONSOR	Magnarelli
COSPNSR
MLTSPNSR
Amd §1303, RPAP L
Relates to required notices in a residential mortgage foreclosure action.

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A00177 Actions:

BILL NO	A00177
01/04/2023	referred to judiciary
01/03/2024	referred to judiciary

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A00177 Committee Votes:

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A00177 Floor Votes:

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A00177 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           177
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                       (Prefiled)
 
                                     January 4, 2023
                                       ___________
 
        Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
          Committee on Judiciary
 
        AN ACT to amend the  real  property  actions  and  proceedings  law,  in
          relation  to  required  notices  in a residential mortgage foreclosure
          action

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section 1303 of the real property actions and proceedings
     2  law is amended by adding a new subdivision 8 to read as follows:
     3    8. If the plaintiff in a residential mortgage  foreclosure  action  is
     4  other  than  a  natural person, the plaintiff shall notify the municipal
     5  clerk of the municipality in which the real property is  located  within
     6  five calendar days of the filing of the notice of pendency for the fore-
     7  closure action.
     8    §  2.  This  act  shall take effect on the sixtieth day after it shall
     9  have become a law.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00312-01-3

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