New York S 3548: Relates to the sale of a mortgaged premises after a judgment of sale has been entered

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S03548 Summary:

BILL NOS03548 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBORRELLO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §1351, RPAP L

&nbsp

Provides that a judgment of sale as a result of an action to foreclose a mortgage shall direct the mortgaged premises to be sold within forty-five days of the date of the judgment.

Go to top S03548 Actions:

BILL NOS03548 

&nbsp

01/28/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS03548 Committee&nbspVotes:

Go to topS03548 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS03548 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3548

 2025-2026 Regular Sessions

 IN SENATE

 January 28, 2025
 ___________

 Introduced by Sen. BORRELLO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the real property actions and proceedings law, in
 relation to the sale of a mortgaged premises after a judgment of sale
 has been entered

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 1 of section 1351 of the real property actions
 2 and proceedings law, as amended by chapter 269 of the laws of 2020, is
 3 amended to read as follows:
 4 1. The judgment shall direct that the mortgaged premises, or so much
 5 thereof as may be sufficient to discharge the mortgage debt, the
 6 expenses of the sale and the costs of the action, and which may be sold
 7 separately without material injury to the parties interested, be sold by
 8 or under the direction of the sheriff of the county, or a referee within
 9 [ninety] forty-five days of the date of the judgment. The judgment shall
 10 also include the name and telephone number of the mortgage servicer for
 11 a plaintiff involving a mortgage foreclosure of a one- to four-family
 12 residential property.
 13 § 2. This act shall take effect on the one hundred eightieth day after
 14 it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08087-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps