state_legiscan_drain · NY
Establishes a private right of action for deed theft; provides that victims of deed theft may maintain an action against a deed thief or a bank that provides a loan that assists in the commission of deed theft; authorizes victims of deed theft to recover actual damages, treble damages and attorneys' fees; defines terms.
May 1, 2025
Summary
If enacted, this bill would create a private right of action allowing victims of deed theft to sue both the thief and any bank that knowingly provided a loan assisting in the theft. Victims could recover actual damages, treble damages, and attorneys' fees. The bill aims to deter deed theft by increasing financial liability for banks involved in such fraudulent transactions.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
Source: https://www.nysenate.gov/legislation/bills/2025/S7721
Common questions
- What does "Establishes a private right of action for deed theft; provides that victims of deed theft may maintain an action against a deed thief or a bank that provides a loan that assists in the commission of deed theft; authorizes victims of deed theft to recover actual damages, treble damages and attorneys' fees; defines terms." cover?
- If enacted, this bill would create a private right of action allowing victims of deed theft to sue both the thief and any bank that knowingly provided a…
- When was it published?
- It was published on May 1, 2025.
Related updates
- Permits senior citizens to designate third party to be notified of delinquency in payment of mortgage or property taxes.
- Enterprise Duty To Serve Underserved Markets
- Equal Credit Opportunity (Regulation B); Special Purpose Credit Programs; Rescission
- Washington DFI Observes World Elder Abuse Awareness Day, June 15
- Urges Congress to pass "Sikh American Anti-Discrimination Act of 2026."
- Further providing for definitions.