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Bill > A04379


NY A04379

NY A04379
Requires 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
02/04/2025
In Committee
02/04/2025
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 requires courts holding special proceedings to recover real property to establish an escrow account, and mandates that tenants must submit any owed rent into this account in order to appear in court. Specifically, the bill amends multiple sections of the Real Property Actions and Proceedings Law and the New York City Civil Court Act to introduce this new requirement across various types of legal proceedings related to property recovery and tenant disputes. The escrow account provision appears to be designed to ensure that rental payments are preserved and accounted for during legal proceedings, potentially providing a more structured approach to handling rent during property recovery cases. By requiring tenants to deposit owed rent into a court-controlled escrow account before participating in legal proceedings, the bill aims to create a transparent and regulated process for managing rental payments during property-related legal disputes. The bill will take effect 180 days after becoming law, allowing time for courts and tenants to prepare for the new requirements.

Committee Categories

Justice

Sponsors (1)

Last Action

referred to judiciary (on 02/04/2025)

bill text


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