New York A 11044: Requires a mortgagor to provide notice of imminent foreclosure

Bill Text

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A11044 Summary:

BILL NOA11044 

&nbsp

SAME ASSAME AS S01264

&nbsp

SPONSORChandler-Waterman

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §235-k, RP L

&nbsp

Requires a mortgagor to provide notice of imminent foreclosure to their tenant or prospective tenant prior to renewing or signing a lease agreement.

Go to top A11044 Actions:

BILL NOA11044 

&nbsp

04/24/2026referred to judiciary

Go to topA11044 Committee&nbspVotes:

Go to topA11044 Floor&nbspVotes:

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

Go to topA11044 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 11044

 IN ASSEMBLY

 April 24, 2026
 ___________

 Introduced by M. of A. CHANDLER-WATERMAN -- read once and referred to
 the Committee on Judiciary

 AN ACT to amend the real property law, in relation to requiring a mort-
 gagor to provide notice of imminent foreclosure to their tenant or
 tenants

 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
 2 235-k to read as follows:
 3 § 235-k. Imminent foreclosure. 1. As used in this section, "imminent
 4 foreclosure" shall mean a mortgagor has received notice of foreclosure
 5 delivered along with a summons and complaint, as required in subdivision
 6 two of section thirteen hundred three of the real property actions and
 7 proceedings law.
 8 2. A mortgagor shall, prior to the tenant or prospective tenant either
 9 renewing or signing a lease agreement, disclose to such tenant or
 10 prospective tenant of imminent foreclosure.
 11 3. A mortgagor shall send a copy of the original summons and complaint
 12 by certified mail to a tenant or prospective tenant at least two weeks
 13 prior to either renewing or signing a lease agreement.
 14 4. A mortgagor who fails to disclose to their tenant or prospective
 15 tenant prior to either renewing or signing a lease agreement shall pay a
 16 credit of five hundred dollars to the tenant or prospective tenant
 17 against the agreed upon rental price of the lease agreement per failure,
 18 in addition to any other existing equitable or statutory remedy.
 19 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03877-01-5

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