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NY S02700

Bill

Official Source

Status

Introduced

1/29/2019

Primary Sponsor

Timothy Kennedy

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Amends section 1308 of the Real Property Actions and Proceedings Law to increase the maximum civil penalty for violations by mortgagees or their agents
  • Increases the daily penalty cap from $500 to $1,000 per day per property for each day a violation persists
  • Penalties may be issued by a hearing officer or court of competent jurisdiction based on preponderance of evidence
  • Takes effect immediately upon enactment

Legislative Description

Relates to increasing the maximum civil penalty from $500 to $1000 per day per property for each day the mortgagee or agent of the mortgagee has been in violation.

Last Action

COMMITTED TO RULES

12/28/2020

Committee Referrals

Rules12/28/2020
Housing, Construction, and Community Development1/8/2020
Rules6/20/2019
Housing, Construction, and Community Development1/29/2019

Full Bill Text

No bill text available