S 7647: 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.

  
  STATE OF NEW YORK ________________________________________________________________________ 7647 2025-2026 Regular Sessions  IN SENATE April 25, 2025 ___________ Introduced by Sen. BRISPORT -- 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 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