Bill Text: NY S06524 | 2023-2024 | General Assembly | Introduced

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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) 2024-01-03 - REFERRED TO JUDICIARY [S06524 Detail]

Download: New_York-2023-S06524-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6524

                               2023-2024 Regular Sessions

                    IN SENATE

                                     April 25, 2023
                                       ___________

        Introduced  by  Sen. PERSAUD -- 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 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-j to read as follows:
     3    § 235-j. 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    3. A mortgagor shall send a copy of the original summons and complaint
    12  by certified mail to a tenant or perspective tenant at least  two  weeks
    13  prior to either renewing or signing a lease agreement.
    14    4.  A mortgagor who fails to disclose to his or her tenant or prospec-
    15  tive tenant prior to either renewing or signing a lease agreement  shall
    16  pay a credit of five hundred dollars to the tenant or prospective tenant
    17  against the agreed upon rental price of the lease agreement per failure,
    18  in addition to any other existing equitable or statutory remedy.
    19    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02718-02-3