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Bill > A04379
NY A04379
NY A04379Requires 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
02/04/2025
In Committee
02/04/2025
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)
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/A4379 |
BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A04379&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04379 |
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