Bill Text: NY S01705 | 2023-2024 | General Assembly | Introduced
Bill Title: Prohibits mortgagee from refusing to accept partial mortgage payments from a mortgagor which does not bring the mortgagor current on his or her mortgage debt.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2024-01-03 - REFERRED TO JUDICIARY [S01705 Detail]
Download: New_York-2023-S01705-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1705 2023-2024 Regular Sessions IN SENATE January 13, 2023 ___________ Introduced by Sen. COMRIE -- 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 prohibiting mort- gagee from refusing to accept partial mortgage payments 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 2 254-e to read as follows: 3 § 254-e. Refusal by mortgagee to accept partial mortgage payments. 1. 4 No mortgagee shall refuse to accept a partial payment of an entire 5 amount due from a mortgagor which does not bring the mortgagor current 6 on his or her mortgage debt. 7 2. The provisions of this section shall not bar any other contractual 8 or statutory rights or remedies available to a mortgagor. 9 § 2. This act shall take effect on the thirtieth day after it shall 10 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03551-01-3
