Assembly Bill A9276

2013-2014 Legislative Session

Prohibits mortgagee from refusing to accept partial mortgage payments

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A9276 (ACTIVE) - Details

See Senate Version of this Bill:
S317
Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Add §254-e, RP L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8040, S6541
2015-2016: A1226, S233
2017-2018: A5376, S4954
2019-2020: A6061, S5355
2021-2022: S3710
2023-2024: S1705

2013-A9276 (ACTIVE) - Summary

Prohibits mortgagee from refusing to accept partial mortgage payments.

2013-A9276 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9276

                          I N  A S S E M B L Y

                              April 7, 2014
                               ___________

Introduced by M. of A. TITUS, JAFFEE, MILLER, WEPRIN, HOOPER, ROSENTHAL,
  ROBINSON,  COOK,  JACOBS,  STECK  --  Multi-Sponsored  by  -- M. of A.
  CAMARA, MOSLEY, MOYA, PERRY -- read once and referred to the Committee
  on Judiciary

AN ACT to amend the real property law, in relation to prohibiting  mort-
  gagee from refusing to accept partial mortgage payments

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The real property law is amended by adding  a  new  section
254-e to read as follows:
  S  254-E. REFUSAL BY MORTGAGEE TO ACCEPT PARTIAL MORTGAGE PAYMENTS. 1.
NO MORTGAGEE SHALL REFUSE TO ACCEPT  A  PARTIAL  PAYMENT  OF  AN  ENTIRE
AMOUNT  DUE  FROM A MORTGAGOR WHICH DOES NOT BRING THE MORTGAGOR CURRENT
ON HIS OR HER MORTGAGE DEBT.
  2. THE PROVISIONS OF THIS SECTION SHALL NOT BAR ANY OTHER  CONTRACTUAL
OR STATUTORY RIGHTS OR REMEDIES AVAILABLE TO A MORTGAGOR.
  S  2.  This  act shall take effect on the thirtieth day after it shall
have become a law.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01005-01-3


              

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