New York S 2546: Authorizes the mortgagee or lienor of an abandoned multiple dwelling to apply for the appointment of a receiver to bring the building into compliance

Bill Text

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S02546 Summary:

BILL NOS02546 

&nbsp

SAME ASSAME AS A03444

&nbsp

SPONSORMYRIE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd §1972, RPAP L

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Authorizes the mortgagee or lienor of an abandoned multiple dwelling to apply for the appointment of a receiver to bring the building into compliance.

Go to top S02546 Actions:

BILL NOS02546 

&nbsp

01/21/2025REFERRED TO JUDICIARY

02/11/20251ST REPORT CAL.347

02/12/20252ND REPORT CAL.

02/24/2025ADVANCED TO THIRD READING 

05/12/2025PASSED SENATE

05/12/2025DELIVERED TO ASSEMBLY

05/12/2025referred to judiciary

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO JUDICIARY

03/31/20261ST REPORT CAL.672

04/01/20262ND REPORT CAL.

04/07/2026ADVANCED TO THIRD READING 

04/20/2026PASSED SENATE

04/20/2026DELIVERED TO ASSEMBLY

04/20/2026referred to judiciary

05/04/2026substituted for a3444

05/04/2026ordered to third reading cal.402

Go to topS02546 Committee&nbspVotes:

Go to topS02546 Floor&nbspVotes:

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

Go to topS02546 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2546

 2025-2026 Regular Sessions

 IN SENATE

 January 21, 2025
 ___________

 Introduced by Sen. MYRIE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Judiciary

 AN ACT to amend the real property actions and proceedings law, in
 relation to title to an abandoned multiple dwelling in a city, town or
 village

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

 1 Section 1. Subdivision 3 of section 1972 of the real property actions
 2 and proceedings law, as added by chapter 864 of the laws of 1973, is
 3 amended to read as follows:
 4 3. Within five days of the service of notice on the owner, a copy of
 5 the certification shall be served on each mortgagee, lienor and lessee
 6 of record, personally or by registered mail to the address set forth in
 7 the recorded instrument or, if no address appears therein, to the person
 8 at whose request the instrument was recorded. Such copy shall, in the
 9 case of a mortgagee or lienor, be accompanied by a notice that
 10 proceedings pursuant to this article may be instituted unless the mort-
 11 gagee or lienor, within fifteen days of such mailing, either (a)
 12 commences proceedings to foreclose the mortgage or lien and moves for
 13 the appointment of a receiver which brings the building into compliance
 14 with the applicable provisions of law within ninety days from the date
 15 of appointment or such longer period as may be established by agreement
 16 with the department or [enters into an agreement with the department to
 17 bring the building] (b) takes possession of the premises as provided in
 18 the mortgage and brings the building into compliance with the applicable
 19 provisions of law within ninety days from the date of taking possession
 20 or such longer period as may be established by agreement with the
 21 department. The department may, notwithstanding anything to the contra-
 22 ry in this subdivision, institute proceedings pursuant to this article
 23 if: (i) the application for appointment of a receiver is denied, (ii)
 24 the receiver fails to bring the building into compliance with the appli-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06784-01-5

 S. 2546 2

 1 cable provisions of law within ninety days from the date of appointment
 2 or such longer period as may be established by agreement with the
 3 department; or (iii) the mortgagee or lienor in possession fails to
 4 bring the building into compliance with the applicable provisions of law
 5 within ninety days from the date of taking possession or such longer
 6 period as may be established by agreement with the department.
 7 § 2. This act shall take effect on the one hundred twentieth day
 8 after it shall have become a law and shall apply to proceedings
 9 commenced on or after such date.

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