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NY S05321

Bill

Official Source

Status

Engrossed

4/21/2021

Primary Sponsor

Timothy Kennedy

Click for details

Origin

Senate

2021-2022 General Assembly

AI Summary

  • Amends section 1308 of the Real Property Actions and Proceedings Law to increase the maximum civil penalty for mortgagee violations from $500 to $1,000 per day per property
  • Violations may be heard before a hearing officer or court of competent jurisdiction, with penalties issued based on preponderance of evidence
  • The increased penalty applies for each day a violation persists
  • 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

referred to housing

3/28/2022

Committee Referrals

Housing3/28/2022
Housing, Construction, and Community Development1/5/2022
Housing4/21/2021
Housing, Construction, and Community Development3/2/2021

Full Bill Text

No bill text available