New York A 4377: Relates to certain reimbursement rates

Bill Text

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A04377 Summary:

BILL NOA04377 

&nbsp

SAME ASSAME AS S00125

&nbsp

SPONSORVanel

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§757 & 1302, RPAP L

&nbsp

Provides that any landlord that is in mortgage foreclosure due to loss of rent payments cannot enter into a state of foreclosure until a court handling a special proceeding to recover rent resolves any rent issues.

Go to top A04377 Actions:

BILL NOA04377 

&nbsp

02/04/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA04377 Committee&nbspVotes:

Go to topA04377 Floor&nbspVotes:

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

Go to topA04377 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4377

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 4, 2025
 ___________

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

 AN ACT to amend the real property actions and proceedings law, in
 relation to foreclosure of certain properties

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

 1 Section 1. Section 757 of the real property actions and proceedings
 2 law, as added by section 23 of part M of chapter 36 of the laws of 2019,
 3 is amended to read as follows:
 4 § 757. Eviction as the result of foreclosure. 1. Any landlord that is
 5 in mortgage foreclosure due to loss of rent payments cannot enter into a
 6 state of foreclosure until a special proceeding to recover real property
 7 is maintained and any rent issues are resolved. Such court shall track
 8 all loss of rent payment cases and subsequent foreclosure cases.
 9 2. In the event that a lessee is removed from real property pursuant
 10 to this article, and the leased real property was the subject of a fore-
 11 closure proceeding pursuant to this chapter or the subject of a tax
 12 foreclosure proceeding, the court records relating to any such lessee
 13 shall be sealed and be deemed confidential. No disclosure or use of such
 14 information relating to any such lessee shall be authorized, and the use
 15 of such information shall be prohibited.
 16 § 2. Section 1302 of the real property actions and proceedings law is
 17 amended by adding a new subdivision 3 to read as follows:
 18 3. Any landlord that is in mortgage foreclosure due to loss of rent
 19 payments cannot enter into a state of foreclosure until a special
 20 proceeding to recover real property is maintained and any rent issues
 21 are resolved. Such court shall track all loss of rent payment cases and
 22 subsequent foreclosure cases.
 23 § 3. This act shall take effect on the one hundred eightieth day after
 24 it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00702-01-5

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