Bill Text: NY S05983 | 2009-2010 | General Assembly | Introduced

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Bill Title: Extends from July 1, 2009 to July 1, 2010, the expiration and repeal of the provisions of article 14 of the real property actions and proceedings law providing for proceedings for non-judicial foreclosure of a mortgage by power of sale.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S05983 Detail]

Download: New_York-2009-S05983-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5983
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                     June 19, 2009
                                      ___________
       Introduced by Sens. FARLEY, DeFRANCISCO -- read twice and ordered print-
         ed, and when printed to be committed to the Committee on Rules
       AN  ACT to amend chapter 231 of the laws of 1998 amending the real prop-
         erty actions and proceedings law relating to mortgage foreclosure,  in
         relation to extending the expiration of the provisions thereof
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 2 of chapter 231 of the laws of 1998  amending  the
    2  real  property actions and proceedings law relating to mortgage foreclo-
    3  sure, as amended by chapter 123 of the laws of 2005, is amended to  read
    4  as follows:
    5    S  2.  This act shall take effect immediately and shall remain in full
    6  force and effect until July 1, [2009] 2010, when, upon such date,  arti-
    7  cle  14  of  the  real property actions and proceedings law, as added by
    8  this act, shall be deemed repealed, but shall apply to any  non-judicial
    9  proceeding  in  which the notice of pendency has been filed on or before
   10  such date.
   11    S 2. This act shall take effect immediately, provided that if this act
   12  shall not have become a law on or before July 1, 2009, this act shall be
   13  deemed to have been in full force and effect on and after July 1, 2009.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14463-01-9