Bill
Bill > A07579
NY A07579
NY A07579Directs 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
05/14/2021
05/14/2021
In Committee
01/05/2022
01/05/2022
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 property about their right to file a claim for any surplus funds from the sale of the property. The bill aims to ensure that former property owners are aware of this right and can potentially recoup some of the funds from the sale of their property.
Committee Categories
Justice
Sponsors (1)
Last Action
referred to judiciary (on 01/05/2022)
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/A7579 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07579&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07579 |
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