Statute · New York Real Property Actions & Proceedings Law
N.Y. Real Prop. Acts. Law § 923 — Security for credit on sale
N.Y. Real Prop. Acts. Law § 923
- Type
- Statute
- Source
- New York Real Property Actions & Proceedings Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 923. Security for credit on sale. The portion of the purchase-money for which credit is allowed in the interlocutory judgment shall be secured at interest by a mortgage upon the property sold, with a bond of the purchaser; and by such additional security, if any, as the court prescribes. The…
Citator
N.Y. Real Prop. Acts. Law § 923 — Security for credit on sale is in force in the current edition of the Code, and nothing recorded condemns it.
§ 923. Security for credit on sale. The portion of the purchase-money for which credit is allowed in the interlocutory judgment shall be secured at interest by a mortgage upon the property sold, with a bond of the purchaser; and by such additional security, if any, as the court prescribes. The officer making the sale may take separate mortgages and other securities in the name of the county treasurer of the county in which the property is situated for such convenient portions of the purchase-money as are directed by the court to be invested; and in the name of the owner, for the share of any known owner of full age who desires to have it invested.