New York A08863 establishes a private right of action for victims of deed theft, allowing them to sue deed thieves and banks that assist in such.

New York A08863 creates a private right of action for victims of deed theft, enabling them to sue both the thief and any bank that provides a loan facilitating the theft. Victims can recover actual damages, treble damages, and attorneys' fees. The act defines "deed theft" as taking, transferring, or encumbering property without the owner's consent through fraud or deception. It also defines "deed thief" as any person or entity committing such acts. The act excludes high-value commercial transactions from its scope.

New York A08863 establishes a private right of action for victims of deed theft, allowing them to sue deed thieves and banks that assist in such.

New York A08863 creates a private right of action for victims of deed theft, enabling them to sue both the thief and any bank that provides a loan facilitating the theft. Victims can recover actual damages, treble damages, and attorneys' fees. The act defines "deed theft" as taking, transferring, or encumbering property without the owner's consent through fraud or deception. It also defines "deed thief" as any person or entity committing such acts. The act excludes high-value commercial transactions from its scope.