Relates to requiring a mortgagor to provide notice of imminent foreclosure to his or her tenant or prospective tenant prior to he or she renewing or signing a lease agreement.
STATE OF NEW YORK
________________________________________________________________________
1055
2019-2020 Regular Sessions
IN SENATE
January 10, 2019
___________
Introduced by Sen. PERSAUD -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary
AN ACT to amend the real property law, in relation to requiring a mort-
gagor to provide notice of imminent foreclosure to his or her tenant
or tenants
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
2 235-h to read as follows:
3 § 235-h. Imminent foreclosure. 1. As used in this section, "imminent
4 foreclosure" shall mean a mortgagor has received notice of foreclosure
5 delivered along with a summons and complaint, as required in subdivision
6 two of section thirteen hundred three of the real property actions and
7 proceedings law.
8 2. A mortgagor shall, prior to the tenant or prospective tenant either
9 renewing or signing a lease agreement, disclose to his or her tenant or
10 prospective tenant of imminent foreclosure.
11 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00914-01-9
