Senate BillIntroduced
S 2663: Prohibits mortgagee from refusing to accept partial mortgage payments from a mortgagor which does not bring the mortgagor current on his or her mortgage debt.
What S 2663 does, verified January 8, 2026
The proposed law aims to protect mortgagors by prohibiting mortgagees from refusing to accept partial mortgage payments that do not bring the mortgagor up to date on their mortgage debt. This change ensures that mortgagees must accept partial payments to avoid delaying the mortgagor's ability to pay off the loan. The new law does not eliminate any other contractual or statutory rights or remedies available to mortgagors. The proposed law will take effect thirty days after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO JUDICIARY (2026-01-07)Alert me
Author and sponsors
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| Jan. 07, 2026 | REFERRED TO JUDICIARY |
| Jan. 22, 2025 | REFERRED TO JUDICIARY |
Latest bill textIntroduced version, January 22, 2025 · 208 words
STATE OF NEW YORK ________________________________________________________________________ 2663 2025-2026 Regular Sessions IN SENATE January 22, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to prohibiting mort- gagee from refusing to accept partial mortgage payments The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property law is amended by adding a new section 2 254-e to read as follows: 3 § 254-e. Refusal by mortgagee to accept partial mortgage payments. 1. 4 No mortgagee shall refuse to accept a partial payment of an entire 5 amount due from a mortgagor which does not bring the mortgagor current 6 on his or her mortgage debt. 7 2. The provisions of this section shall not bar any other contractual 8 or statutory rights or remedies available to a mortgagor. 9 § 2. This act shall take effect on the thirtieth day after it shall 10 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05143-01-5
Text of S 2663 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions