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Notification of recording of real estate instruments.

IntroductionEnactedCommittee on Financeintroduced 2020-04-22Local Law 2021/136

Enacted as Local Law 2021/136.

Official record · Legistar

Agenda: 2020-04-22Passed: 2021-11-21Enacted: 2021-11-21

Summary

This local law would require the Department of Finance to include certain information about what to do if a recipient of a notice pursuant to the Notice of Recorded Document Program suspects that the document recording that was the subject of the notification was fraudulent. At a minimum, such information must include information about whom to contact for assistance, to file a complaint or to report an alleged criminal violation. The local law would also change the reporting requirements from quarterly to annual.

Committee on FinanceExecutive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.

How it compares

30% of similar bills passed

15 passed · 35 died

This bill: 546 days in committee

Similar bills: median 444 days · 195 days when passed

Sponsors (7)

Lifecycle

IntroducedIntroduced by Council
2020-04-22 · City Council
ActionReferred to Comm by Council
2020-04-22 · City Council
HeardHearing Held by Committee
2020-10-13 · Committee on Finance
HeldLaid Over by Committee
2020-10-13 · Committee on Finance
HeardHearing Held by Committee
2020-10-13 · Committee on Housing and Buildings
HeldLaid Over by Committee
2020-10-13 · Committee on Housing and Buildings
HeardHearing Held by Committee
2021-10-21 · Committee on Finance
ActionAmendment Proposed by Comm
2021-10-21 · Committee on Finance
ActionAmended by Committee
2021-10-21 · Committee on Finance
AdvancedApproved by Committee
2021-10-21 · Committee on Finance
AdvancedApproved by Council
2021-10-21 · City Council
ActionSent to Mayor by Council
2021-10-21 · City Council
AdvancedCity Charter Rule Adopted
2021-11-21 · Administration
ActionReturned Unsigned by Mayor
2021-11-22 · City Council

Votes (17)

Aye (16)
Daniel Dromm Adrienne E. AdamsAlicka Ampry-Samuel Diana I. AyalaSelvena N. Brooks-PowersRobert E. Cornegy, Jr.Darma V. DiazVanessa L. GibsonBarry S. GrodenchikKaren KoslowitzFarah N. LouisSteven MatteoFrancisco P. MoyaKeith Powers Helen K. RosenthalJames G. Van Bramer
Absent (1)
Laurie A. Cumbo

Heard at (5)

City Council · 2021-10-21 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2021-10-21 · 10:00 AM · Council Chambers - City Hall
Committee on Finance · 2020-10-13 · 1:00 PM · - REMOTE HEARING (VIRTUAL ROOM 2) -
Committee on Housing and Buildings · 2020-10-13 · 1:00 PM · REMOTE HEARING (VIRTUAL ROOM 2)
City Council · 2020-04-22 · 3:00 PM · REMOTE HEARING

Attachments (19)

Full text
Be it enacted by the Council as follows: Section 1. Subdivision b of section 7-628 of the administrative code of the city of New York, as added by local law number 249 for the year 2017, is amended to read as follows: b. The department shall establish and maintain a system that provides any interested party a notification by e-mail, text message, or postal mail, that a deed-related or mortgage-related document affecting such party's interest in real property located in the city has been recorded against such property with the city register or the office of the Richmond county clerk, provided that the department has received notice of such recording from the office of the Richmond county clerk. Such notification shall include information on actions such interested party could take if such interested party suspects that a fraudulent document has been recorded, including but not limited to, information about whom to contact for assistance, filing a complaint or reporting an alleged criminal violation. The department shall not charge a fee for use of such notification system. � 2. The opening paragraph of subdivision e of section 7-628 of the administrative code of the city of New York, as added by local law number 249 for the year 2017, is amended to read as follows: e. The department shall report on [a quarterly] an annual basis on the notification system established pursuant to subdivision b of this section, and shall include data for Richmond county to the extent that the department has received data from the office of the Richmond county clerk. Such report shall be submitted to the council and published on the department's website no later than the first day of [February, May, August, and] November of each year[, with the first report due November 1, 2018]. Such report shall include, but not be limited to, the following information for the prior [quarter] year, disaggregated by borough: � 3. This local law takes effect immediately, except that section one of this local law takes effect 60 days after it becomes law. RKC LS #13566 10/13/2021 1 1