Bill Text: NY A05529 | 2021-2022 | General Assembly | Introduced
Bill Title: Requires 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.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-05 - referred to judiciary [A05529 Detail]
Download: New_York-2021-A05529-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5529 2021-2022 Regular Sessions IN ASSEMBLY February 19, 2021 ___________ Introduced by M. of A. WILLIAMS -- read once and referred to the Commit- tee 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-i to read as follows: 3 § 235-i. 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. LBD02939-01-1
