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Home/Bills/A 7708New York · 2025–2026 Legislative Session
Assembly BillIntroducedBNK

A 7708: Relates to preventing fraudulent deed transfers; protects home owners from being misled into transferring their home to mortgage servicers.

New York · Assembly · 2025–2026 Legislative Session · last verified March 18, 2026

What A 7708 does, verified March 18, 2026

The bill aims to prevent fraudulent deed transfers in New York State. A new requirement is added to conveyances of real property, which must include explicit language warning the signer of the deed that they are transferring ownership. This warning must be notarized and accompanied by a signature line. Failure to comply with this requirement may result in civil penalties of $250 for the first violation, $500 for the second, and $1,000 for subsequent violations. The bill also adds new provisions to the banking law, prohibiting the transfer of a deed from a borrower to a mortgage servicer as part of a mortgage modification. The department is authorized to investigate and address any suspected fraudulent deed transfers.

Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: print number 7708a (2026-03-17)Alert me
Quick answers about A 7708
What is the current status of A 7708?
As of March 18, 2026, A 7708 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on March 17, 2026, was "print number 7708a".
Did A 7708 pass?
Not yet. A 7708 has been introduced and has not passed either house.
Who wrote A 7708, and where is it now?
A 7708 was authored by Asm. Charles Lavine. It is filed under BNK, alongside 17 other New York BNK bills this session.
Author and sponsors
Asm. Charles LavineAuthor · New York State Assembly
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Recent actions4 total · showing 4
Mar. 17, 2026print number 7708a
Mar. 17, 2026amend and recommit to judiciary
Jan. 07, 2026referred to judiciary
Apr. 08, 2025referred to judiciary
Latest bill textIntroduced version, April 8, 2025 · 392 words
  
  STATE OF NEW YORK ________________________________________________________________________ 7708 2025-2026 Regular Sessions  IN ASSEMBLY April 8, 2025 ___________ Introduced by M. of A. LAVINE -- read once and referred to the Committee on Judiciary AN ACT to amend the real property law and the banking law, in relation to preventing fraudulent deed transfers The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 333 of the real property law is amended by adding a 2 new subdivision 4 to read as follows: 3 4. A recording officer shall not record or accept for record any 4 conveyance of real property affecting land in New York state unless such 5 conveyance contains, or is accompanied by an addendum containing, 6 explicit and bold language that reads, "YOU ARE HEREBY MADE AWARE THAT 7 BY SIGNING THIS DEED YOU ARE TRANSFERRING OWNERSHIP OF YOUR LAND OR 8 HOME", with a signature line under such language which shall contain a 9 notarized signature of the transferor. Failure of a person or corpo- 10 ration to use a deed without such warning language or if the transferor 11 does not sign the acknowledgement to complete such deed transfer pursu- 12 ant to this section shall be a class E felony. 13 § 2. Section 6-n of the banking law is amended by adding a new subdi- 14 vision 3 to read as follows: 15 3. No deed transfer from a borrower to a mortgage servicer that is 16 transferred as part of a modification of mortgage terms shall be consid- 17 ered a valid deed transfer. The department shall have the authority to 18 investigate any deed transfer that is in violation of this subdivision. 19 § 3. Subdivision 1 of section 14 of the banking law is amended by 20 adding a new paragraph (t) to read as follows: 21 (t) To prescribe the methods and standards under which the department 22 shall receive and investigate claims of fraudulent deed transfers, 23 including, but not limited to deed transfers that are in violation of 24 subdivision three of section six-n of this chapter. 25 § 4. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07911-01-5
Text of A 7708 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions
Related New York billsSame author and issue area
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