Bill Text: NY A08984 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to required notices in a residential mortgage foreclosure action.
Spectrum: Strong Partisan Bill (Democrat 19-1)
Status: (Introduced - Dead) 2018-01-09 - referred to judiciary [A08984 Detail]
Download: New_York-2017-A08984-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8984 IN ASSEMBLY January 9, 2018 ___________ Introduced by M. of A. MAGNARELLI -- read once and referred to the Committee on Judiciary AN ACT to amend the real property actions and proceedings law, in relation to required notices in a residential mortgage foreclosure action The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1303 of the real property actions and proceedings 2 law is amended by adding a new subdivision 8 to read as follows: 3 8. If the plaintiff in a residential mortgage foreclosure action is 4 other than a natural person, the plaintiff shall notify the municipal 5 clerk of the municipality in which the real property is located within 6 five calendar days of the filing of the notice of pendency for the fore- 7 closure action. 8 § 2. This act shall take effect on the sixtieth day after it shall 9 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09342-04-7