N.Y. Real Property Tax Law § 954: Mailing or delivery of bills to mortgage investing institutions

§ 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 mortgage investing institution, and its successors,

agents or assigns to receive tax bills. Each such form shall be held by

the mortgage investing institution, or any successor to which the

account may be transferred, until the real property tax escrow account

is terminated, at which time such designation shall be null and void. A

mortgage investing institution in possession of such a form shall make

it available for inspection by the mortgagor or collecting officer upon

request. For any mortgage note executed prior to the first day of June,

nineteen hundred ninety, the mortgage investing institution shall, upon

the request of the collecting officer, provide any document that

evidences its authorization to receive tax bills or obligation to pay

taxes.

2. Notwithstanding the provisions of section nine hundred twenty-two,

thirteen hundred twenty-two, thirteen hundred twenty-four or fourteen

hundred thirty of this chapter, upon agreement between a collecting

officer and a mortgage investing institution, the mortgage investing

institution or its agent shall, no later than thirty days prior to the

last date established by law for the annexation of the warrant to the

assessment roll, present to the collecting officer a list in any

mutually agreeable format of the real property tax escrow accounts with

respect to which the mortgage investing institution or its agent has

been authorized by the mortgagor to receive tax bills. If the collecting

officer and mortgage investing institution agree, a list of additions

and deletions to the last such list so delivered may be presented

instead.

3. Upon receipt of such a list, the collecting officer shall take the

necessary actions to provide that the appropriate bills for the upcoming

levy will be mailed or delivered to the mortgage investing institution

or its agent. Such bills may be transmitted in any mutually agreeable

format, and need not include any information which the mortgage

investing institution or its agent deems extraneous for its purposes.

The collecting officer may, in addition thereto or in lieu thereof,

cause the appropriate tax billing addresses on the tax roll and the data

file, as such term is defined in section fifteen hundred eighty-one of

this chapter, to be changed to conform to such list.

4. Where a collecting officer receives such a list later than thirty

days prior to the last date prescribed by law for the annexation of the

warrant to the assessment roll, the collecting officer may accept the

same as if it were submitted in a timely manner.