Section 952 - DefinitionsWhen used in this title:
1. "Mortgage investing institution" means any bank, trust company, national bank, savings bank, savings and loan association, federal savings bank, federal savings and loan association, private banker, credit union, federal credit union, investment company, pension fund, licensed mortgage banker or any other entity which maintains a real property tax escrow account for real property located in this state.2. "Mortgagor" means a person having title to and occupying a one to six family residence which is located in this state and is subject to a mortgage.2-a. "Non-mortgagor" means a person having title to and occupying a one to six family residence which is located in this state and is not subject to a mortgage.3. "Real property tax escrow account" means an account established by contract between a mortgagor of real property improved by a one to six family residence and the mortgage investing institution having a mortgage thereon, into which the mortgage investing institution shall deposit money collected from the mortgagor for the purpose of paying taxes.4. "One to six family residence" means property used primarily for residential purposes for one to six families, including property held in condominium form of ownership, and which is occupied in whole or in part by the owner.5. "Tax" or "taxes" means a charge imposed upon real property by or on behalf of a county, city, town, village or school district for municipal or school district purposes, including a special ad valorem levy, special assessment or any similar charge.N.Y. Real Prop. Tax. Law § 952