Bill
Bill > S01475
NY S01475
NY S01475Excludes real property conveyances from the written notice requirement when such property is being conveyed by the state of New York or any of its political subdivisions as part of a foreclosure proceeding.
summary
Introduced
01/10/2025
01/10/2025
In Committee
01/10/2025
01/10/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the real property law, in relation to excluding certain real property conveyances from the written notice requirement
AI Summary
This bill amends the New York Real Property Law to exclude certain real property conveyances from the written notice requirement. Specifically, when the state of New York or its political subdivisions are transferring real property through a tax lien foreclosure proceeding (a legal process where property is seized and sold to recover unpaid taxes), they will no longer be required to send a written notice to the current property owner. Currently, when residential property is transferred, the county clerk or city registrar must mail a detailed notice to the property owner, informing them about the change in ownership, including property details and contact information. This notice was designed to provide transparency and alert property owners to potential ownership changes. The bill maintains all other aspects of the existing law regarding property conveyance and recording, but creates a specific exemption for tax lien foreclosure transfers by governmental entities, likely to streamline the process and reduce administrative burden for local and state governments.
Committee Categories
Justice
Sponsors (3)
Last Action
REFERRED TO JUDICIARY (on 01/10/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S1475 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S01475&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S01475 |
Loading...