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NY A00106
Bill
Status
1/4/2023
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Increases penalties for rent overcharges from 3 times the overcharge amount to 5 times for first offenses and 10 times for subsequent offenses under the Emergency Tenant Protection Act of 1974
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Applies the same increased penalty structure (5 times for first offense, 10 times for subsequent offenses) to rent overcharge violations under New York City Administrative Code section 26-516
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Maintains the six-year lookback period for assessing willful overcharge penalties, allowing recovery of overcharges collected starting six years before a complaint is filed
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Specifies that voluntary rent adjustments or refunds made after a complaint is filed cannot be used as evidence that an overcharge was not willful
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Takes effect immediately for state law amendments; city law amendments expire on the same date as the underlying rent stabilization law
Legislative Description
Relates to penalties for owners of property who fail to file a proper or timely rent registration statement.
Last Action
ordered to third reading cal.7
1/3/2024