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NY A04377
Bill
Status
2/4/2025
Primary Sponsor
Clyde Vanel
Click for details
AI Summary
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Landlords facing mortgage foreclosure due to lost rent payments cannot enter foreclosure until a special proceeding to recover the unpaid rent is maintained and resolved in court
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Courts are required to track all loss of rent payment cases and any subsequent foreclosure cases
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When tenants are evicted from properties subject to mortgage foreclosure or tax foreclosure, all court records relating to those tenants must be sealed and deemed confidential
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Disclosure or use of sealed tenant information from foreclosure-related evictions is prohibited
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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
1/7/2026