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NY A09780
Bill
Status
4/9/2024
Primary Sponsor
Charles Lavine
Click for details
AI Summary
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Requires homeowners' associations and condominium boards to provide written notice at least 90 days before filing a foreclosure action to enforce liens for unpaid common charges, assessments, fees, or fines.
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Notice must be provided in 14-point type to the property address and any other address of record, and must state the property address and specific amount due.
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Modifies Real Property Law Section 339-aa to require the 90-day notice requirement for condominium foreclosures and clarifies foreclosure procedures follow Article 13 of the Real Property Actions and Proceedings Law.
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Creates new Article 20-A in the Real Property Actions and Proceedings Law establishing notice requirements for homeowners' association lien enforcement actions.
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Takes effect immediately upon enactment and applies to all foreclosure actions commenced after the effective date.
Legislative Description
Requires notice to be provided ninety days prior to commencement of a foreclosure action by a homeowners' association or condominium board to enforce a lien for unpaid common charges, assessments, fines or fees.
Last Action
referred to judiciary
4/9/2024