New York S 6146: Relates to registration of mortgages in default

Bill Text

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S06146 Summary:

BILL NOS06146 

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SAME ASNo Same As

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Amd §1393, RPAP L

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Modifies the cap on the registration fee for the registration of residential mortgages in default which may be imposed by a local law, ordinance or resolution.

Go to top S06146 Actions:

BILL NOS06146 

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03/05/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

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

Go to topS06146 Committee&nbspVotes:

Go to topS06146 Floor&nbspVotes:

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

Go to topS06146 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6146

 2025-2026 Regular Sessions

 IN SENATE

 March 5, 2025
 ___________

 Introduced by Sen. PARKER -- 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 registration of mortgages in default

 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 1393 of the real property actions
 2 and proceedings law, as added by chapter 600 of the laws of 2022, is
 3 amended to read as follows:
 4 3. Any local law, ordinance or resolution that allows for the regis-
 5 tration of residential mortgages in default may impose a registration
 6 fee not exceeding [seventy-five] five hundred dollars annually. A mort-
 7 gagee and/or its agents are prohibited from passing along such fees to
 8 the mortgagor in default.
 9 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10576-01-5

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