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the New York Laws
2023 New York Laws
RPP - Real Property
Article 8 - Conveyances and Mortgages
254-D - Fees by Mortgagee for Direct Payment of Real Property Taxes by Mortgagor Prohibited.
Universal Citation:
NY Real Prop L § 254-D (2023)
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This media-neutral citation is based
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necessarily the official citation.
§ 254-d. Fees by mortgagee for direct payment of real property taxes by mortgagor prohibited. No mortgagor on a loan secured primarily by an interest in real property shall be charged a fee by the mortgagee because the parties have agreed that the mortgagor shall pay real property taxes on such real property directly to the taxing authority or authorities and not in escrow to the mortgagee or the mortgagee's agent.
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