RPTL 1195 · Title 6. Distribution of Surplus
Definitions
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 1195. Definitions. In addition to the definitions set forth in section eleven hundred two of this article, for purposes of this title:
1. "Former homeowner" means a person or persons who lost title to and/or ownership of residential property due to a tax foreclosure.
2. "Public sale" means a sale resulting from a public auction conducted in accordance with the provisions of section two hundred thirty-one of the real property actions and proceedings law.
3. "Surplus" means the net gain, if any, realized by the tax district upon the sale of tax-foreclosed property, as determined in the manner set forth in section eleven hundred ninety-six of this title. Where no such gain was realized, no surplus shall be attributable to that sale.
4. "Tax-foreclosed property" means a parcel as to which a judgment of foreclosure has been issued pursuant to section eleven hundred thirty-six of this article.
Source of truth
- Edition
- Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/RPT1195
- Text hash
- sha256 680cc7ac59e0cde1354ff363e91b6f031f6eedc7fa875950ac7c8bb48511bc30
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.