Assembly BillIntroduced
A 5516: Provides for the appointment of foreclosure receivers and managing agents in cities having a population of one million or more.
What A 5516 does, verified January 10, 2026
The proposed legislation aims to modify the appointment of receivers in mortgage foreclosure actions. The law change allows for the appointment of receivers without prior notice in certain situations. In cities with a population of one million or more, a list of qualified receivers can be submitted to the chief administrative judge. The court can only appoint a receiver from this list, and the receiver can only appoint a managing agent from the same list. The changes take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to judiciary (2026-01-07)Alert me
Quick answers about A 5516
- What is the current status of A 5516?
- As of January 10, 2026, A 5516 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to judiciary".
- Did A 5516 pass?
- Not yet. A 5516 has been introduced and has not passed either house.
- Who wrote A 5516, and where is it now?
- A 5516 was authored by Asm. Chantel Jackson with 1 coauthor. Its committee of record is Assembly Judiciary.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to judiciary |
| Feb. 14, 2025 | referred to judiciary |
Latest bill textIntroduced version, February 14, 2025 · 298 words
STATE OF NEW YORK ________________________________________________________________________ 5516 2025-2026 Regular Sessions IN ASSEMBLY February 14, 2025 ___________ Introduced by M. of A. JACKSON, HYNDMAN -- read once and referred to the Committee on Judiciary AN ACT to amend the real property actions and proceedings law, in relation to the appointment of receivers in actions to foreclose a mortgage The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 1325 of the real property actions 2 and proceedings law, as added by chapter 312 of the laws of 1962, is 3 amended to read as follows: 4 1. (a) Where the action is for the foreclosure of a mortgage providing 5 that a receiver may be appointed without notice, notice of a motion for 6 such appointment shall not be required. 7 (b) In a city with a population of one million or more, the agency 8 having jurisdiction for administering and enforcing the laws, rules and 9 regulations relating to the operation, repair or maintenance of residen- 10 tial real property may submit to the chief administrative judge of the 11 supreme court a list of persons such agency has determined to be quali- 12 fied to be appointed as a receiver or as a managing agent. Where such 13 agency submits such list to the chief administrative judge, the court 14 may only appoint a receiver whose name appears on such list, and such 15 receiver may only appoint a managing agent whose name appears on such 16 list. 17 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06548-01-5
Text of A 5516 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions