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Sponsors
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History
- Recommit, enacting clause stricken
- Reported and committed to codes
- Referred to judiciary
- Returned to senate
- Died in assembly
- Referred to real property taxation
- Delivered to assembly
- Passed senateVote 61–1
- Advanced to third reading
- 2nd report cal.
- 1st report cal.71
- Referred to judiciary
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Requires certain information to be provided on a real property transfer form
In Assembly Committee · Judiciary · Sponsor Sam Hoyt
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property law, in relation to clarifying information collected on a real property transfer form
Purpose
This legislation would change the Real Property Law to make available necessary information including names and addresses of members of limited liability corporations to local municipalities to assist them in their efforts to enforce codes, properly administer the assessment process and collect judgments and taxes.
Summary of provisions
Section 1 amends subparagraph 7 and 8 of subparagraph ii of subdivision 1-e of section 1 of part B of Chapter 57 of the laws of 2004 and adds two new subparagraphs 9 and 10 to require that a purchaser of a parcel, in the event it is a limited liability company, corporation or other such entity, must include the name of a company, the place of business of the company, the name of a responsible party who has an interest in the company, and a telephone number where such responsible party may be contacted.
Such requirements would apply only to those counties outside of New York City.
Existing law
Existing law does not require that member(s) of a LLC execute articles of organization, specify actual place of business, or that the members of such LLC be listed.
Justification
Residential properties are routinely acquired by Limited Liability Companies (LLC), and very often the buyer's signature on the RP-5217 is often illegible, with a post office box provided for the address. Current law does not require that members of a LLC or the LLC's actual place of business be listed.
This situation is creating serious problems for municipal code enforcement and assessment officials in enforcement of the housing code, collection of fines and judgments, and delinquent tax collection. This inability to contact, or provide legal service of notices to a responsible individual, seriously affects the quality of life in neighborhoods with multiple properties owned by LLC's.
Legislative history
New bill - 2007
Fiscal implications
None to New York State
Local fiscal implications
None.
Effective date
This act shall take effect 180 days after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.