Amends real property actions and proceedings law to allow appointment of foreclosure receivers and managing agents in cities with a population of one.

New York Assembly Bill A05516 amends the real property actions and proceedings law to allow the appointment of foreclosure receivers and managing agents in cities with a population of one million or more. The agency responsible for residential real property in these cities can submit a list of qualified individuals to the chief administrative judge of the supreme court. The court can only appoint a receiver or managing agent whose name appears on this list. This act takes effect immediately.

Amends real property actions and proceedings law to allow appointment of foreclosure receivers and managing agents in cities with a population of one.

New York Assembly Bill A05516 amends the real property actions and proceedings law to allow the appointment of foreclosure receivers and managing agents in cities with a population of one million or more. The agency responsible for residential real property in these cities can submit a list of qualified individuals to the chief administrative judge of the supreme court. The court can only appoint a receiver or managing agent whose name appears on this list. This act takes effect immediately.