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NY A01688

Bill

Official Source

Status

Introduced

1/12/2017

Primary Sponsor

Walter Mosley

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Amends the Real Property Law Section 265-a to modify the definition of "residence" and "residential real property"
  • Removes the requirement that one of the dwelling units in a one- to four-family property must be occupied or previously occupied by the equity seller as their primary residence
  • Expands the definition to apply to any one- to four-family dwelling units regardless of occupancy status by the seller
  • Takes effect immediately upon enactment

Legislative Description

Relates to the definition of residence and residential real property.

Last Action

referred to banks

1/3/2018

Committee Referrals

Banks1/12/2017

Full Bill Text

No bill text available