STATE OF NEW YORK ________________________________________________________________________ 1859--A 2019-2020 Regular Sessions IN ASSEMBLY January 17, 2019 ___________ Introduced by M. of A. MAGNARELLI, FAHY, BUCHWALD, M. G. MILLER, JAFFEE, GUNTHER, OTIS, STECK, ORTIZ, JOYNER, BLAKE, JEAN-PIERRE, GALEF, WALK- ER, HYNDMAN -- Multi-Sponsored by -- M. of A. COOK, ENGLEBRIGHT, THIELE -- read once and referred to the Committee on Judiciary -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property actions and proceedings law, in relation to authorizing municipalities to compel mortgagees either to complete a mortgage foreclosure proceeding pursuant to article 13 of the real property actions and proceedings law or to issue a certif- icate of discharge of the mortgage for any property which has been certified abandoned pursuant to section 1971 of the real property actions and proceedings law The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Short title. This act shall be known and may be cited as 2 the "zombie property remediation act of 2019". 3 § 2. The real property actions and proceedings law is amended by 4 adding a new section 1392 to read as follows: 5 § 1392. Foreclosure actions involving abandoned properties. If a 6 property has been certified abandoned pursuant to section nineteen 7 hundred seventy-one of this chapter, or deemed vacant and abandoned 8 pursuant to section thirteen hundred nine of this article, the city, 9 village, or town in which the property is located may commence a 10 proceeding in a court of competent jurisdiction in the county in which 11 the property is located to compel any or all mortgagees to: (a) if the 12 note is in default, the mortgagee shall commence a foreclosure procedure 13 within three months and shall meet all deadlines to ensure the case is 14 ready to be moved to judgment within a reasonable time period but not to 15 exceed one year; (b) if a foreclosure has already been commenced, file 16 the necessary motions and within three months paperwork to move the case EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01898-07-9A. 1859--A 2 1 to judgment foreclosure within three months; or (c) issue a certificate 2 of discharge of the mortgage within three months and file a satisfaction 3 of the mortgage with the appropriate local office. 4 § 3. This act shall take effect immediately.