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NY S09175
Bill
Status
10/10/2018
Primary Sponsor
Brian Benjamin
Click for details
AI Summary
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Extends statute of limitations for rent overcharge complaints from four years to six years for regulated housing units under rent control and rent stabilization laws.
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Requires housing owners to maintain rent records for six years prior to the most recent registration statement, increased from four years.
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Mandates that units deregulated due to overcharges must be returned to rent-stabilized status within six months, with penalties of $2,000-$10,000 per year for non-compliance.
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Extends the treble damages penalty period from two years to six years for overcharges occurring before a complaint is filed.
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Extends examination period for rental history from four years to six years when determining overcharges under rent control and stabilization laws.
Legislative Description
Relates to the statute of limitations on rent overcharges; increases from four years to six years; requires records to be kept for six years; requires units to be re-regulated where they have been deregulated due to overcharges.
Last Action
REFERRED TO RULES
10/10/2018