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NY A09536
Bill
Status
3/20/2024
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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County clerks and city registrars must refuse to record any conveyance they have reason to believe is false or fraudulent.
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When a conveyance is suspected to be fraudulent, the clerk or registrar must conduct a reasonable investigation and report findings to local law enforcement or the New York City sheriff's office.
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The clerk or registrar must notify both the buyer and seller of any investigation and provide them opportunity to participate in the investigation process.
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County clerks and city registrars must mail a written notice via certified mail to the current owner of record when residential property is recorded, with the mailing cost borne by the party seeking to record the conveyance.
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The act takes effect ninety days after becoming law.
Legislative Description
Prohibits the recording of conveyances suspected of being fraudulent; requires the clerk or registrar to conduct an investigation into transactions suspected of being fraudulent and to report such investigations to the local law enforcement or sheriff's office.
Last Action
referred to judiciary
3/20/2024