§ 17-101 Acknowledgment or New Promise Must Be in Writing
§ 17-103 Agreements Waiving the Statute of Limitation
§ 17-105 Promises and Waivers Affecting the Time Limited for Action to Foreclose a Mortgage
§ 17-107 Effect of Part Payment On Time Limited for Foreclosure of a Mortgage

Terms Used In New York Laws > General Obligations > Article 17 > Title 1

  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Statute: A law passed by a legislature.