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January 2010 Archives

January 5, 2010

2009 Legislation

Selected laws affecting real property enacted in 2009:

A1132/S2350 Excludes non-business days from notice of eviction. Chapter 256

A1569/S2967 Incentives for construction of schools/condos in mixed const. Chap 234

A2002/S2493 Amend civil penalties for violation of admin orders re tenants. Chap 480

A2089/S3337 Establish conservation easements. Chap 296

A2369/S800 Subcontractor’s right to file claim. Chap 224

A2500/S2461 AG to compel compliance with GOL re money in trust. Chap 225

A4392/S1728 Delay effective date of POA to 9/1/09. Chap 4

A5753/S5551 “Mortgage” to include second lien if purchased by U.S. agency. Chap 432

A6017/S3847 Court to describe stipulation in summary proceeding. Chap 281

A6093/S2791A/Requires all residences to have CO detector. Chap 367

A6924/S3725 Regulation of mortgage loan originators. Chap 123

A7247/S2871 New owners for which administrator appointed. Chap 265

A8305/S2760 Reverse mortgage fairness act. Chap 259

A40007/S66007 Home mortgage loans, crime of mortgage fraud. Chap 507

Selected bills not enacted in 2009:

A1364/S4672 Revises Property Condition Disclosure Act [RPLS memo in support]
A1643/S41 Makes practising law without admission a Class-E felony [RPLS memo in support]
A3553/S5497 Requires applications for coops to be acted on in 45 days
A4300/S5445 Actions for UPL to include criminal as well as civil actions [RPLS memo in support]
A5362/S1933 Provides for recordation of modification of illegal restrictive covenants [+ several other bills] [RPLS memo in opposition]
A6086/S5815 Provides for licensing of title agents (NYSLTA bill) [RPLS memo in opposition]
A7127/S3550 Provides for licensing of title agents (NYSID bill) [RPLS memo in opposition unless amended]
A8404 Requires disclosure of title insurance service charges (RPLS bill) [RPLS memo in support]

To find copies of Bills, go to:

1. RPLS portion of NYSBA website: www.nysba.org, then "Sections," then "Real Property Law Section," then "Status of Pending Legislation" (search by bill number) (for RPLS memoranda go to "2008-2009 and 2009-2010 Legislative Memoranda") or go to

2. Senate website: www.senate.state.ny.us, then "Bill and Laws" or go to

3. Assembly website: www.assembly.state.ny.us, then "Bill Search and Legislative Information."

Karl B. Holtzschue, Co-Chairperson
Real Property Law Section, Committee on Legislation

January 20, 2010

Mortgage Recording Tax on Cooperative Units Proposed

Information has been received that the Governor's draft Budget Bill includes a provision for the imposition of mortgage recording tax on the filing of a financing statement for a cooperative unit. The security interest evidenced by such a filed financing statement would not be able to be enforced without payment of the tax.

If included in the final enacted Budget Bill this change would take effect on the first day of the third month after it shall have become law and shall apply to financing statements filed on or after that date.

About January 2010

This page contains all entries posted to Real Property Law Section Blog in January 2010. They are listed from oldest to newest.

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