Prohibits recording of real property conveyances suspected of being fraudulent and mandates reporting to the attorney general and law enforcement.
New York Assembly Bill A03218 amends the real property law to prohibit the recording of conveyances suspected of being fraudulent. If a county clerk or city registrar believes a conveyance is fraudulent, they must report the transaction to the office of the attorney general and local law enforcement or the sheriff's office in New York City. The bill also mandates that the clerk or registrar notify the buyer and seller of any investigation and allow them to participate.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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