N.Y. County Law 532 – Retention and destruction of certain recorded instruments
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§ 532. Retention and destruction of certain recorded instruments. After twenty years have elapsed from the date of recording a deed, lease, contract, agreement, mortgage or a release of part of mortgaged premises any such instrument so recorded which has not been returned to the person presenting such instrument for recording or to some other person authorized to receive the same, may be destroyed by the county clerk without the permission of the commissioner of education provided any such instrument is photographed, microphotographed or reproduced on film preserved for examination and use.
Terms Used In N.Y. County Law 532
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.