New York § 159 - 159Assignments of mortgages; releases from judgments
Full text of New York New York Consolidated Laws § 159 — 159Assignments of mortgages; releases from judgments, with citation guidance and answers to common questions.
§ 159. 159Assignments of mortgages; releases from judgments
§ 159. Assignments of mortgages; releases from judgments. The comptroller, on the written request of the owner in actual possession of real property mortgaged to the state, may assign such mortgage, with the bond or other instrument accompanying the same, on payment into the treasury of the amount of principal and interest unpaid on such mortgage. The comptroller, with the consent of the attorney-general, if satisfied that the interests of the state will not be prejudiced thereby, may release any portion of any real property subject to a judgment in favor of the people of the state from the lien created by such judgment.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 159
What does New York Consolidated Laws § 159 cover?
Section 159 ("159Assignments of mortgages; releases from judgments") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 159?
A common citation format is "New York Consolidated Laws § 159" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 159 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.