New York S 9309: Enacts the "deed protection act"

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S09309 Summary:

BILL NOS09309A

&nbsp

SAME ASSAME AS A09554-B

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SPONSORBRISPORT

&nbsp

COSPNSRSALAZAR

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MLTSPNSR

&nbsp

Add §595-d, Bank L

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Enacts the "deed protection act" in relation to prohibiting a mortgage banker or mortgage loan servicer from commencing, maintaining, or proceeding with a foreclosure action on a mortgage loan where such mortgage banker or mortgage loan servicer knows or has reason to know that the mortgage securing such loan is dependent on a deed, conveyance, or other instrument affecting title to residential real property that was procured by fraud, forgery, or other unlawful means.

Go to top S09309 Actions:

BILL NOS09309A

&nbsp

02/27/2026REFERRED TO BANKS

05/12/2026REPORTED AND COMMITTED TO JUDICIARY

05/12/2026AMEND AND RECOMMIT TO JUDICIARY

05/12/2026PRINT NUMBER 9309A

Go to topS09309 Committee&nbspVotes:

Go to topS09309 Floor&nbspVotes:

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

Go to topS09309 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9309--A

 IN SENATE

 February 27, 2026
 ___________

 Introduced by Sens. BRISPORT, SALAZAR -- read twice and ordered printed,
 and when printed to be committed to the Committee on Banks -- reported
 favorably from said committee and committed to the Committee on Judi-
 ciary -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT to amend the banking law, in relation to enacting the "deed
 protection act"

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

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "deed protection act".
 3 § 2. The banking law is amended by adding a new section 595-d to read
 4 as follows:
 5 § 595-d. Foreclosure dependent on fraudulent title prohibited. 1. No
 6 mortgage banker or mortgage loan servicer shall commence, maintain, or
 7 proceed with a foreclosure action on a mortgage loan where such mortgage
 8 banker or mortgage loan servicer knows or has reason to know that the
 9 mortgage securing such loan is dependent on a deed, conveyance, or other
 10 instrument affecting title to residential real property that was
 11 procured by fraud, forgery, or other unlawful means, such that the mort-
 12 gagor did not obtain a valid interest in the property.
 13 2. Prior to commencing a foreclosure action, a mortgage banker or
 14 mortgage loan servicer shall conduct a reasonable review of the mortgage
 15 loan and available records to determine whether there is a reasonable
 16 basis to believe that such mortgage loan is secured by a valid and
 17 enforceable interest in the mortgaged residential real property.
 18 3. Nothing in this section shall be construed to limit or impair any
 19 right or remedy available at law or in equity relating to fraud,
 20 forgery, or other unlawful acts affecting title to residential real
 21 property.
 22 4. A violation of this section shall constitute a violation of this
 23 article.
 24 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14344-06-6

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