Bill > S00605

This bill modifies the real property law to enhance protections against fraudulent property conveyances by requiring county clerks and city registrars to take specific actions when they suspect a property transfer might be fraudulent. Under the new provisions, if a clerk or registrar believes a conveyance is potentially false or fraudulent, they are prohibited from registering the document and must report the suspicious transaction to the state Attorney General's office and local law enforcement or the sheriff's office. The bill also mandates that the clerk or registrar notify both the buyer and seller of the property about the investigation and provide them an opportunity to participate. Additionally, the bill requires that when a residential property is transferred, the clerk or registrar must send a certified mail notice to the current owner of record, explaining the ownership change and providing guidance on what to do if they believe the transfer may be fraudulent. The notice must be formatted with a specific header and include details about the property and the transfer. The bill aims to create more transparency and provide safeguards against potential property fraud by giving property owners more information and creating a formal reporting mechanism for suspected fraudulent transactions.

Justice

https://www.nysenate.gov/legislation/bills/2025/S605