A10173 • 2025

Requires a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer

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The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Amanda Septimo
Last action: 2026-05-20
Official status: Assembly Floor Calendar
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer

Requires a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer Enacts the "deed theft: proof of sale price act" requiring a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer in order for such officer to record or accept for recording the conveyance of real property.

What This Bill Does

Requires a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer Enacts the "deed theft: proof of sale price act" requiring a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer in order for such officer to record or accept for recording the conveyance of real property.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-05-20 Assembly
REPORTED
2026-05-20 Assembly
RULES REPORT CAL.154
2026-05-20 Assembly
ORDERED TO THIRD READING RULES CAL.154
2026-05-18 Assembly
REPORTED REFERRED TO RULES
2026-02-12 Assembly
REFERRED TO JUDICIARY

Official Summary Text

Requires a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer
Enacts the "deed theft: proof of sale price act" requiring a statement of the full sales price of real property being conveyed and proof of such sales price to be submitted to the recording officer in order for such officer to record or accept for recording the conveyance of real property.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10173

                                  I N  A S S E M B L Y

                                    February 12, 2026
                                       ___________

        Introduced  by M. of A. SEPTIMO -- read once and referred to the Commit-
          tee on Judiciary

        AN ACT to amend the real property law, in relation to requiring proof of
          full sales price

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.  This  act  shall  be  known and may be cited as the "deed
     2  theft:  proof of sale price act".
     3    § 2. Subparagraph 4 of paragraph ii of subdivision 1-e of section  333
     4  of  the  real property law, as amended by section 1 of part B of chapter
     5  57 of the laws of 2004, is amended to read as follows:
     6    (4) a statement of the full sales price relating thereto AND PROOF  OF
     7  THE  FULL SALES PRICE. SUCH PROOF MAY INCLUDE A COPY OF A CANCELED CHECK
     8  FOR THE FULL SALES PRICE, DOCUMENTS PROVING THE SATISFACTION OR  ASSUMP-
     9  TION  OF A MORTGAGE, LIEN, OR OTHER OBLIGATIONS, AND AFFIDAVITS FROM THE
    10  SELLER DETAILING AN ITEMIZED LIST OF PROPERTY RECEIVED BY SELLER;
    11    § 3. Subparagraph 1 of paragraph v of subdivision 1-e of  section  333
    12  of  the  real property law, as amended by section 1 of part U of chapter
    13  59 of the laws of 2021, is amended to read as follows:
    14    (1) The provisions of this subdivision shall not operate to invalidate
    15  any conveyance of real property where one or more of  the  items  desig-
    16  nated as subparagraphs one through THREE AND FIVE THROUGH eight of para-
    17  graph  ii  of this subdivision, have not been reported or which has been
    18  erroneously reported, nor affect the record contrary to  the  provisions
    19  of  this subdivision, nor impair any title founded on such conveyance or
    20  record; PROVIDED, HOWEVER, THAT THE OMISSION OR THE ERRONEOUS  REPORTING
    21  OF  THE  FULL  SALES PRICE AND THE PROOF OF SUCH SALES PRICE PURSUANT TO
    22  SUBPARAGRAPH FOUR OF PARAGRAPH II OF THIS SUBDIVISION  SHALL  IMPAIR  OR
    23  INVALIDATE ANY TITLE FOUNDED ON SUCH CONVEYANCE OR RECORD.
    24    §  4.  This  act shall take effect on the ninetieth day after it shall
    25  have become a law.


         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11807-01-5