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NY A07564

Bill

Official Source

Status

Introduced

5/25/2023

Primary Sponsor

Fred Thiele

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Increases the annual registration fee cap for residential mortgages in default from $75 to $500 under local laws, ordinances, or resolutions
  • Maintains the prohibition on mortgagees and their agents from passing these registration fees to mortgagors in default
  • Takes effect immediately upon enactment
  • Amends subdivision 3 of section 1393 of the real property actions and proceedings law

Legislative Description

Modifies the cap on the registration fee for the registration of residential mortgages in default which may be imposed by a local law, ordinance or resolution.

Last Action

referred to judiciary

1/3/2024

Committee Referrals

Judiciary5/25/2023

Full Bill Text

No bill text available