RPTL 960 · Title 4. Acceptance of Taxes From Certain Loan Corporations
Payment of taxes by loan corporations
Text — Law content up to date as of October 30, 2026, as published by the New York State Senate (Open Legislation)
§ 960. Payment of taxes by loan corporations. 1. Any municipal corporation may, as provided in this title, accept payment of taxes, including special ad valorem levies and special assessments, on real property from any corporation organized under the laws of the state of New York for the purpose of extending loans to taxpayers for the payment of taxes.
2. Upon such a payment, a conditional tax receipt shall be issued and the amount thereof conditionally credited by the municipal corporation against the taxes due on the property for which payment is made, but such payment shall not extinguish the tax lien existing against such property until the conditional tax receipt is surrendered for cancellation to the municipal corporation.
3. Payments made pursuant to this section may be used by the municipal corporation in the same manner as if made directly by the taxpayer.
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/RPT960
- Text hash
- sha256 e34b83593eb7d856e3cecceb44e20e75b536f0a7be5871e9ab4ed097f2185ba6
- 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.