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NY A08593
Bill
Status
1/12/2024
Primary Sponsor
Clyde Vanel
Click for details
AI Summary
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Prohibits landlords in mortgage foreclosure from proceeding until a court resolves any outstanding rent payment issues through a special proceeding to recover real property.
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Requires courts to track all loss of rent payment cases and subsequent foreclosure cases to maintain oversight of these proceedings.
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Seals and makes confidential all court records relating to lessees removed from foreclosed properties, prohibiting disclosure or use of such information.
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Applies to foreclosures under both standard mortgage proceedings and tax foreclosure proceedings.
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Takes effect 180 days after becoming law.
Legislative Description
Provides that any landlord that is in mortgage foreclosure due to loss of rent payments cannot enter into a state of foreclosure until a court handling a special proceeding to recover rent resolves any rent issues.
Last Action
referred to judiciary
1/12/2024