Bill Text: NY S05079 | 2019-2020 | General Assembly | Amended
Bill Title: Enacts the "zombie property remediation act of 2019".
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Passed) 2019-12-18 - SIGNED CHAP.682 [S05079 Detail]
Download: New_York-2019-S05079-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5079--A 2019-2020 Regular Sessions IN SENATE April 8, 2019 ___________ Introduced by Sens. SKOUFIS, KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee 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 17 to judgment foreclosure within three months; or (c) issue a certificate 18 of discharge of the mortgage within three months and file a satisfaction 19 of the mortgage with the appropriate local office. 20 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01898-06-9