Bill
Bill > S03130
NY S03130
NY S03130Directs the court to provide notice to the former owners of foreclosed property of the right to file a claim for the excess funds from the sale of the real property.
summary
Introduced
01/27/2021
01/27/2021
In Committee
01/25/2022
01/25/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the real property actions and proceedings law and the real property tax law, in relation to requiring the court in a foreclosure action to provide notice to the former owner of the real property of the right to apply for surplus moneys from the sale of such property
AI Summary
This bill amends the Real Property Actions and Proceedings Law and the Real Property Tax Law to require the court in a foreclosure action to provide notice to the former owner of the foreclosed real property about the right to apply for any surplus funds resulting from the sale of the property. The bill aims to ensure that former property owners are aware of their ability to claim any excess funds from the sale, which may be owed to them after the foreclosure process.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (3)
Last Action
REPORTED AND COMMITTED TO FINANCE (on 01/25/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S3130 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03130&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03130 |
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