A 7708 New York Assembly · 2025 Regular Session

Prevents fraudulent deed transfers

This bill requires that any deed transferring ownership of a home or property in New York must include clear, bold warning language stating that signing the deed transfers ownership, along with a notarized signature from the transferor. It also invalidates any deed transfer from a homeowner to a mortgage servicer as part of a mortgage modification. Failure to include the warning or secure the required signature is classified as a class E felony. The state banking department is authorized to investigate suspected fraudulent transfers under this law.

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2025

Committee Review

Floor Vote

Governor

Introduced Apr 8, 2025 Last action Mar 17, 2026

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What changed between versions

A7708 → A7708A · 3 edits

MINOR

The bill was amended to replace criminal felony penalties with civil fines for recording officers who fail to include specific warning language on deeds. Additionally, the bill was reorganized to include separate sections for banking law amendments regarding mortgage transfers.

Scope change

The bill's scope shifted from imposing criminal charges to imposing civil monetary penalties for non-compliance.

ENFORCEMENT

Penalties for failing to include required warning language on deeds were changed from a Class E felony to civil fines ranging from $250 to $1,000 depending on the number of violations.

REQUIREMENT

The text requiring recording officers to accept deeds only with specific bold warning language was updated to clarify that 'accept for record' becomes 'accept for recording' and added a new clause stating each non-compliant deed counts as a separate violation.

TECHNICAL

New sections were added to the bill text to explicitly address banking law amendments regarding fraudulent deed transfers and mortgage modifications, which were previously listed in the main body but now have their own dedicated sections.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 17, 2026

Lower · Passed

PRINT NUMBER 7708A

lower

Mar 17, 2026

Lower · Passed

AMEND AND RECOMMIT TO JUDICIARY

lower

Jan 7, 2026

Committee

REFERRED TO JUDICIARY

lower

Apr 8, 2025

Committee

REFERRED TO JUDICIARY

lower

1 primary · 0 co-sponsors