New York S03823 amends the real property actions and proceedings law to allow for the appointment of foreclosure receivers and managing agents in.
New York S03823 amends the real property actions and proceedings law to allow for the appointment of foreclosure receivers and managing agents in cities with a population of one million or more. In such cities, the agency responsible for residential real property regulations 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. The act takes effect immediately upon enactment.
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