The following bills were signed into law by Governor Hochul in the final weeks of 2022.

The Legislative Committee categorizes bills introduced during the legislative session. Priority 3 bills are not critical issues but may be important changes to title insurance related practices or for people running a small business.

A3714 / S5097A (Requires the disclosure of indoor mold history upon the sale of certain real property.)

A5337A / S9470 (Authorizes special proceedings to convey title to abandoned commercial and industrial property to a city, town, or village.)

A7595 / S6805 (Requires copies of certain documents physically posted in a workplace to be made available to employees electronically through the employer's website or by email.)

A7737B/ S5473D (Relates to the rights of parties involved in foreclosure actions; provides additional details regarding the commencement and termination of certain actions related to real property.)

A10477 / S9427A (Requires employers to disclose compensation or range of compensation to applicants and employees upon issuing an employment opportunity for internal or public viewing or upon employee request.)

The following bills have been signed by the Governor.

S7698 / A8854

Relates to complaints served in a proceeding initiated on a residential mortgage covering a one to four family dwelling. (RPAP L. mortgage foreclosures)

S7797 / A8725

Defines the term property/casualty insurance and provides for the electronic delivery of a policy notice or document by an insurer to a party who consents to such delivery.

(Ins. electronic delivery notices)

The following bills have been signed by the Governor. Please note the attached approval memo.

S2689 / A5324

Extends the town of Warwick preservation funds and the tax on real estate transfers in the town of Warwick until 2050

S3993 / A6011

Extends the limitations on the shift between classes of taxable property in the town of Orangetown, county of Rockland

S5785a / A2502a

Makes the affirmative allegation provisions for high-cost loans and subprime home loans applicable to foreclosures of residential mortgages covering one to four family dwellings.

APPROVAL MEMO.16

81312021                                                                                                     Legislative lnfornation - LBDC

APPROVAL MEMORANDUM - No- 16 Chapter 395

MEMORANDUM filed with Senate Bill Number 5785-A, entitled:

"AN ACT to amend the real property actions and proceedings law, in relation to foreclosure of residential mortgages covering one to four family dwellings"

APPROVED

This bill would amend the Real Property Actions and Proceedings Law to expand certain pleading requirements and defenses available in foreclo­ sure actions involving high-cost and subprime home loans, as those terms are defined in sections 6-1 and 6-m of the Banking Law respectively, to all foreclosure actions involving mortgages on residential one-to-four family homes.

It is important to provide homeowners with a full and fair opportunity to defend themselves in a foreclosure proceeding. While I agree with the sponsors' intent in that regard, this bill contains technical flaws that prevent its effective implementation _

Therefore, the Executive has secured an agreement with the Legislature to pass legislation in the upcoming session that would clarify the requirement for foreclosure actions involving all residential mortgage loans to plead compliance with the requirements of section 595-a of the Banking Law, and a clarification to avoid confusion about the applica­ tion of sections 6-1 and 6-m of the Banking Law. on that basis, I am signing this bill.

The bill is approved.                  (signed) ANDREW M. CUOMO