STATE OF NEW YORK
________________________________________________________________________
2443
2017-2018 Regular Sessions
IN SENATE
January 13, 2017
___________
Introduced by Sens. HAMILTON, PERKINS, PERSAUD -- read twice and ordered
printed, and when printed to be committed to the Committee on Housing,
Construction and Community Development
AN ACT to amend the real property actions and proceedings law, in
relation to granting certain tenants the right to relocation costs
from the proceeds of a foreclosure sale
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1354 of the real property actions and proceedings
2 law is amended by adding a new subdivision 2-a to read as follows:
3 2-a. The officer conducting the sale shall pay out of the proceeds,
4 the relocation costs, not exceeding one thousand five hundred dollars
5 per lessee, of any lessee of an interest in the property sold who is
6 required to vacate the real property prior to the termination of his or
7 her lease.
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00706-01-7
