Bill > A10173

This bill, known as the "deed theft: proof of sale price act," amends real property law to require that when a property is sold and its deed is recorded, a statement of the full sales price must be submitted along with proof of that price to the recording officer, who is the official responsible for maintaining land records. This proof can include a copy of a canceled check for the sale amount, documents showing the satisfaction or assumption of any mortgages or liens, or affidavits from the seller detailing the property received. Importantly, the bill specifies that while minor errors in reporting other details related to a property conveyance might not invalidate a title, the omission or incorrect reporting of the full sales price and its supporting proof *will* impair or invalidate any title founded on such a conveyance or record, aiming to prevent deed theft by ensuring transparency in property sale values.

Justice

https://www.nysenate.gov/legislation/bills/2025/A10173