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Bill > S00137
NY S00137
NY S00137Requires any court which holds a special proceeding to recover real property to establish an escrow account where the tenant shall submit any owed rent into such account.
summary
Introduced
01/08/2025
01/08/2025
In Committee
01/08/2025
01/08/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the real property actions and proceedings law and the New York city civil court act, in relation to the establishment of an escrow account
AI Summary
This bill amends several sections of New York's Real Property Actions and Proceedings Law and the New York City Civil Court Act to require courts holding special proceedings to recover real property to establish an escrow account. Under this legislation, tenants must submit any owed rent into this escrow account in order to appear in court during such proceedings. The bill applies to multiple types of special property proceedings, including summary proceedings to recover possession of real property, proceedings to remove tenants, and proceedings related to rendering judgments for rent. By mandating the creation of an escrow account, the bill appears to create a standardized mechanism for handling rent payments during legal disputes, which could potentially provide more transparency and accountability in property recovery cases. The law would take effect 180 days after becoming law, giving courts and tenants time to prepare for and understand the new requirements.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/08/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S137 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00137&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00137 |
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