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NY A02744
Bill
Status
1/22/2025
Primary Sponsor
Jonathan Jacobson
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AI Summary
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Requires the Department of Taxation and Finance to establish and maintain a notification system for county clerks outside New York City to alert property owners when deed-related or mortgage-related documents are recorded against their property
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Allows interested parties (property owners, lienors, agents, attorneys, executors, administrators) to register with their county clerk's office to receive notifications by first class mail, email, and/or text message
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Covers deed-related documents including deeds, contracts of sale, powers of attorney, court orders, and judgments, as well as mortgage-related documents including mortgages, satisfactions, subordinations, and UCC-1 financing statements
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Prohibits the Department of Taxation and Finance and county clerks from charging fees for the notification system, and requires the department to conduct outreach to property owners about the program
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Creates no enforceable right to receive notifications and shields the state, counties, and clerks from liability for failure to provide or receive notices; takes effect January 1 following enactment
Legislative Description
Requires the commissioner of the department of taxation and finance to establish and maintain a system for use by the clerk of each county in the state outside of the city of New York that provides the ability for the clerk to send notification to any interested party that a deed-related or mortgage-related document affecting such party's interest in real property located in the state has been recorded against such property with the office of the clerk of the county in which the real property is situated; provides for registration for notification by interested parties.
Last Action
referred to housing
1/7/2026