RPTL 952 · Title 3-A. Real Property Tax Escrow Accounts
Definitions
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 952. Definitions. When used in this title:
1. "Mortgage investing institution" means any bank, trust company, national bank, savings bank, savings and loan association, federal savings bank, federal savings and loan association, private banker, credit union, federal credit union, investment company, pension fund, licensed mortgage banker or any other entity which maintains a real property tax escrow account for real property located in this state.
2. "Mortgagor" means a person having title to and occupying a one to six family residence which is located in this state and is subject to a mortgage.
2-a. "Non-mortgagor" means a person having title to and occupying a one to six family residence which is located in this state and is not subject to a mortgage.
3. "Real property tax escrow account" means an account established by contract between a mortgagor of real property improved by a one to six family residence and the mortgage investing institution having a mortgage thereon, into which the mortgage investing institution shall deposit money collected from the mortgagor for the purpose of paying taxes.
4. "One to six family residence" means property used primarily for residential purposes for one to six families, including property held in condominium form of ownership, and which is occupied in whole or in part by the owner.
5. "Tax" or "taxes" means a charge imposed upon real property by or on behalf of a county, city, town, village or school district for municipal or school district purposes, including a special ad valorem levy, special assessment or any similar charge.
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/RPT952
- Text hash
- sha256 9ca037e15eb0b4894858b59f55d8629eef0024407f3e3124643a699423d08302
- 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.