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Who cares
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Sponsors
Senator · Senate District 62
1 Co-sponsor
History
- Referred to housing, construction and community development
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 plaintiffs in mortgage foreclosure actions to provide contact information
Assembly Floor Calendar · Sponsor Mickey Kearns
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 actions and proceedings law, in relation to notice of contact information of a plaintiff in a mortgage foreclosure action
Purpose
To require plaintiffs in mortgage foreclosure actions to provide contact information to the municipality in which the foreclosed property is located.
Summary of provisions
Section 1 amends section 1307 of the real property and proceedings law to require mortgage foreclosure plaintiffs to provide contact information of the employee or agent responsible for the maintenance of the foreclosed property to the municipality in which the foreclosed property is located.
Justification
Due to New York State's struggling financial situation a foreclosure crisis emerged causing citizens to lose their homes. Banks foreclose on such properties leaving those dwellings vacant. Current law requires the owner of the property to maintain it. However, localities in which the property is situated allocate significant resources to inspect the foreclosed property and hand out violations if necessary. The process can be long and burdensome on municipalities since no set form of contact information of the proprietor is given to the municipality. This law would obligate mortgage foreclosure plaintiffs to provide contact information through a written notice, to the municipality, of the entity that is responsible for maintaining the property as well as post such information on the vacant dwelling itself thus expediting the process.
Legislative history
New Bill
Fiscal implications
None
Effective date
Immediately after the bill has become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.