New York legislation · 2025-2026 General Assembly
New York A9554: Enacts the "deed protection act"
Status: In committee, May 29, 2026
Enacts the "deed protection act" in relation to prohibiting a mortgage banker or mortgage loan servicer from commencing, maintaining, or proceeding with a foreclosure action on a mortgage loan where such mortgage banker or mortgage loan servicer knows or has reason to know that the mortgage securing such loan is dependent on a deed, conveyance, or other instrument affecting title to residential real property that was procured by fraud, forgery, or other unlawful means.
What the bill says
An act to amend the banking law, in relation to enacting the "deed protection act".
From the amended text, May 6, 2026:
AN ACT to amend the banking law, in relation to enacting the "deed protection act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "deed protection act". § 2. The banking law is amended by adding a new section 595-d to read as follows: § 595-D. FORECLOSURE DEPENDENT ON FRAUDULENT TITLE PROHIBITED. 1. NO MORTGAGE BANKER OR MORTGAGE LOAN SERVICER SHALL COMMENCE, MAINTAIN, OR PROCEED WITH A FORECLOSURE ACTION ON A MORTGAGE LOAN WHERE SUCH MORTGAGE BANKER OR MORTGAGE LOAN SERVICER KNOWS OR HAS REASON TO KNOW THAT THE MORTGAGE SECURING SUCH LOAN IS DEPENDENT ON A DEED, CONVEYANCE, OR OTHER INSTRUMENT AFFECTING TITLE TO RESIDENTIAL REAL PROPERTY THAT WAS PROCURED BY FRAUD, FORGERY, OR OTHER UNLAWFUL MEANS, SUCH THAT THE MORTGAGOR DID NOT OBTAIN A VALID INTEREST IN THE PROPERTY. 2. PRIOR TO COMMENCING A FORECLOSURE ACTION, A MORTGAGE BANKER OR MORTGAGE LOAN SERVICER SHALL CONDUCT A REASONABLE REVIEW OF THE MORTGAGE LOAN AND AVAILABLE RECORDS TO DETERMINE WHETHER THERE IS A REASONABLE BASIS TO BELIEVE THAT SUCH MORTGAGE LOAN IS SECURED BY A VALID AND ENFORCEABLE INTEREST IN THE MORTGAGED RESIDENTIAL REAL PROPERTY. 3. NOTHING IN THIS SECTION SHALL BE CONSTRUED TO LIMIT OR IMPAIR …
Sponsors
- Demond Meeks (D, 137) · primary sponsor
- William Magnarelli (D, 129)
- Karines Reyes (D, 87)
- Brian Cunningham (D, 43)
- Deborah Glick (D, 66)
- Michaelle Solages (D, 22)
- Thomas Schiavoni (D, 1)
- Jordan Wright (D, 70)
- Rebecca Kassay (D, 4)
- Carroll, Patrick J. (D, 96)
- Steven Raga (D, 30)
- Jennifer Lunsford (D, 135)
Latest actions
- : REFERRED TO JUDICIARY
- : DELIVERED TO SENATE
- : PASSED ASSEMBLY
- : ORDERED TO THIRD READING RULES CAL.234
- : RULES REPORT CAL.234
- : REPORTED
- : REPORTED REFERRED TO RULES
- : REPORTED REFERRED TO CODES
- : PRINT NUMBER 9554B
- : AMEND AND RECOMMIT TO BANKS
Votes
- Assembly Floor Vote - Final Passage (May 29, 2026): 96 yea, 32 nay, passed
- Assembly Rules Committee: Favorable (May 28, 2026): 21 yea, 8 nay, passed
- Assembly Codes Committee: Favorable refer to committee Rules (May 20, 2026): 14 yea, 4 nay, passed
- Assembly Banks Committee: Favorable refer to committee Codes (May 11, 2026): 20 yea, 6 nay, passed
Subjects: Banking Law
Common questions
- What is A9554?
- A9554 is a bill in the New York Legislature (2025-2026 General Assembly): Enacts the "deed protection act".
- What does A9554 do?
- In its own words: An act to amend the banking law, in relation to enacting the "deed protection act".
- What is the status of A9554?
- In committee as of May 29, 2026. Latest action: REFERRED TO JUDICIARY (May 29, 2026).
- Who sponsored A9554?
- Demond Meeks (D, 137), with 11 co-sponsors.
- Where is the official record for A9554?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A9554
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.