Prohibits the recording of conveyances suspected of being fraudulent; requires the clerk or registrar to report transactions believed to be or suspected of being fraudulent to the office of the attorney general and to local law enforcement or sheriff's office.
Impact
The adoption of S00605 would represent a significant modification to current practices surrounding the recording of real property transactions. Under the new law, the responsibility would lie with clerks and registrars to assess the legitimacy of conveyances before recording them. This would likely increase scrutiny on property transactions and may help to reduce instances of fraud, fostering a more trustworthy environment for buyers and sellers alike. Additionally, the requirement to inform interested parties of ongoing investigations may promote transparency and communication among all stakeholders in property transactions.
Summary
S00605 is a legislative proposal aimed at amending the real property law in New York, which seeks to prohibit the recording of conveyances that are suspected of being fraudulent. The bill mandates that if a county clerk or city registrar suspects fraud related to a property conveyance, they must refrain from recording it and must report the suspicion to both the attorney general and local law enforcement. This measure is intended to protect the integrity of property transactions and prevent fraudulent activities that can result in significant financial losses for homeowners and lawful buyers.
Contention
Debate around this bill could arise from concerns regarding the potential for overreach in the discretion given to clerks and registrars. Detractors may argue that this could lead to unjust delays in property transactions due to perceived fraud, even when legitimate transactions are in question. There also may be concerns about the implications for property rights and the burden placed on local law enforcement and the attorney general's office to handle the increased investigations that this law may generate. Opponents might highlight the need to balance fraud prevention with the protection of property owners' rights and interests.
Same As
Prohibits the recording of conveyances suspected of being fraudulent; requires the clerk or registrar to report transactions believed to be or suspected of being fraudulent to the office of the attorney general and to local law enforcement or sheriff's office.
Prohibits the recording of conveyances suspected of being fraudulent; requires the clerk or registrar to report transactions believed to be or suspected of being fraudulent to the office of the attorney general and to local law enforcement or sheriff's office.
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.
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.
Requires social-media platforms to prevent, detect, and remove fraudulent advertisements and to establish advertiser-vetting obligations; requires reporting to the attorney general.
Requires social-media platforms to prevent, detect, and remove fraudulent advertisements and to establish advertiser-vetting obligations; requires reporting to the attorney general.
Requires police and peace officers receive a lawful order before assisting with immigration enforcement; requires federal agents identify themselves at the request of public officers, police officers or peace officers; establishes penalties for federal agents who fail to identify themselves.
Requires a caller making a report of suspected child abuse or maltreatment to the central register to leave their name and contact information; prohibits the office of children and family services from releasing information identifying a person who made such a report.