N.Y. Real Property Actions and Proceedings Law 1522 – Accounting in certain cases
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§ 1522. Accounting in certain cases. In an action brought under section 1503 the court shall direct such accounting as justice requires in the circumstances for rents and profits of the property or the value of the use and occupation during the period subsequent to the original sale or conveyance in lieu of foreclosure during which possession of the property was held by the plaintiff or by any other party to the action.
Terms Used In N.Y. Real Property Actions and Proceedings Law 1522
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Plaintiff: The person who files the complaint in a civil lawsuit.