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Bill > S01475


NY S01475

NY S01475
Excludes 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
In Committee
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)

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