New York Real Property Tax Law Title 3-A - REAL PROPERTY TAX ESCROW ACCOUNTS

• 952 - Definitions.
  When used in this title: 1. "Mortgage investing institution" means any bank, trust company, national bank, savings bank, savings and loan association, federal savings bank,...
• 953 - Duties and Responsibilities of Mortgage Investing Institutions.
  1. Every mortgage investing institution shall make all payments for taxes for which they hold real property tax escrow accounts, in a timely manner. 2....
• 953-a - Real Property Tax Escrow Accounts for Non-Mortgagors.
  1. Any mortgage investing institution may establish real property tax escrow accounts for non-mortgagors. Such accounts shall be subject to the provisions of this title,...
• 954 - Mailing or Delivery of Bills to Mortgage Investing Institutions.
  1. A mortgagor who has entered into a real property tax escrow account may designate, on a form prescribed or approved by the commissioner, a...
• 955 - Payments by Mortgage Investing Institutions; Receipts.
  1. A mortgage investing institution which receives moneys from a mortgagor for deposit into a real property tax escrow account shall be liable to such...
• 956 - Additional Liabilities of Mortgage Investing Institutions.
  1. In addition to any other remedies permitted by law, a mortgagor whose taxes are to be paid by means of a real property tax...
• 957 - Enforcement; Penalties.
  1. The attorney general may enforce the provisions of section nine hundred fifty-three, subdivision one of section nine hundred fifty-five, or subdivision two of section...
• 959 - Applicability of Title; Separability.
  1. This title shall apply to all municipal corporations in the state which collect taxes. 2. Separability. If any provision of this title or the...

Last modified: February 3, 2019