New York A 5516: Provides for the appointment of foreclosure receivers and managing agents in N.Y. city

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 
A05516 Summary:

BILL NOA05516 

&nbsp

SAME ASSAME AS S03823

&nbsp

SPONSORJackson

&nbsp

COSPNSRHyndman

&nbsp

MLTSPNSR

&nbsp

Amd §1325, RPAP L

&nbsp

Provides for the appointment of foreclosure receivers and managing agents in cities having a population of one million or more.

Go to top A05516 Actions:

BILL NOA05516 

&nbsp

02/14/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA05516 Committee&nbspVotes:

Go to topA05516 Floor&nbspVotes:

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

Go to topA05516 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5516

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 14, 2025
 ___________

 Introduced by M. of A. JACKSON, HYNDMAN -- read once and referred to the
 Committee on Judiciary

 AN ACT to amend the real property actions and proceedings law, in
 relation to the appointment of receivers in actions to foreclose a
 mortgage

 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 1325 of the real property actions
 2 and proceedings law, as added by chapter 312 of the laws of 1962, is
 3 amended to read as follows:
 4 1. (a) Where the action is for the foreclosure of a mortgage providing
 5 that a receiver may be appointed without notice, notice of a motion for
 6 such appointment shall not be required.
 7 (b) In a city with a population of one million or more, the agency
 8 having jurisdiction for administering and enforcing the laws, rules and
 9 regulations relating to the operation, repair or maintenance of residen-
 10 tial real property may submit to the chief administrative judge of the
 11 supreme court a list of persons such agency has determined to be quali-
 12 fied to be appointed as a receiver or as a managing agent. Where such
 13 agency submits such list to the chief administrative judge, the court
 14 may only appoint a receiver whose name appears on such list, and such
 15 receiver may only appoint a managing agent whose name appears on such
 16 list.
 17 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06548-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps