Bill Text: NY A06061 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 6061 (Prior Session Legislation)

Introduced

Bill Title: Prohibits mortgagee from refusing to accept partial mortgage payments from a mortgagor which does not bring the mortgagor current on his or her mortgage debt.

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced - Dead) 2020-01-06 - enacting clause stricken [A06061 Detail]

Download: New_York-2019-A06061-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          6061
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 26, 2019
                                       ___________
        Introduced  by  M.  of A. TITUS, JAFFEE, M. G. MILLER, WEPRIN, L. ROSEN-
          THAL, COOK, STECK -- read once and referred to the Committee on  Judi-
          ciary
        AN  ACT to amend the real property law, in relation to prohibiting mort-
          gagee from refusing to accept partial mortgage payments
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The  real property law is amended by adding a new section
     2  254-e to read as follows:
     3    § 254-e. Refusal by mortgagee to accept partial mortgage payments.  1.
     4  No  mortgagee  shall  refuse  to  accept  a partial payment of an entire
     5  amount due from a mortgagor which does not bring the  mortgagor  current
     6  on his or her mortgage debt.
     7    2.  The provisions of this section shall not bar any other contractual
     8  or statutory rights or remedies available to a mortgagor.
     9    § 2. This act shall take effect on the thirtieth day  after  it  shall
    10  have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07728-01-9