New York § 313 - 313Settlement of cases involving stayed proceeding in foreclosure or repossession of personal property
Full text of New York New York Consolidated Laws § 313 — 313Settlement of cases involving stayed proceeding in foreclosure or repossession of personal property, with citation guidance and answers to common questions.
§ 313. 313Settlement of cases involving stayed proceeding in foreclosure or repossession of personal property
§ 313. Settlement of cases involving stayed proceeding in foreclosure or repossession of personal property. Where a proceeding to foreclose a mortgage upon or to resume possession of personal property, or to rescind or terminate a contract for the purchase thereof, has been stayed as provided in this act, the court may, unless in its opinion an undue hardship would result to the dependents of the person in military service, appoint three disinterested parties to appraise the property and, based upon the report of the appraisers, order such sum, if any, as may be just, paid to the person in military service or his dependent, as the case may be, as a condition of foreclosing the mortgage, resuming possession of the property, or rescinding or terminating the contract.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 313
What does New York Consolidated Laws § 313 cover?
Section 313 ("313Settlement of cases involving stayed proceeding in foreclosure or repossession of personal property") 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 § 313?
A common citation format is "New York Consolidated Laws § 313" (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 § 313 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.