Jaffee, Miller MG, Weprin, Rosenthal L, Cook, Steck
MLTSPNSR
Add §254-e, RP L
Prohibits mortgagee from refusing to accept partial mortgage payments from a mortgagor which does not bring the mortgagor current on his or her mortgage debt.
STATE OF NEW YORK
________________________________________________________________________
6061
2019-2020 Regular Sessions
IN ASSEMBLY
February 26, 2019
___________
Introduced by M. of A. TITUS, JAFFEE, M. G. MILLER, WEPRIN, L. ROSEN-
THAL, COOK, STECK -- read once and referred to the Committee on Judi-
ciary
AN ACT to amend the real property law, in relation to prohibiting mort-
gagee from refusing to accept partial mortgage payments
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The real property law is amended by adding a new section
2 254-e to read as follows:
3 § 254-e. Refusal by mortgagee to accept partial mortgage payments. 1.
4 No mortgagee shall refuse to accept a partial payment of an entire
5 amount due from a mortgagor which does not bring the mortgagor current
6 on his or her mortgage debt.
7 2. The provisions of this section shall not bar any other contractual
8 or statutory rights or remedies available to a mortgagor.
9 § 2. This act shall take effect on the thirtieth day after it shall
10 have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07728-01-9
