Loading chat...

NY A00106

Bill

Status

Introduced

1/4/2023

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • 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

  • 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

  • Maintains the six-year lookback period for assessing willful overcharge penalties, allowing recovery of overcharges collected starting six years before a complaint is filed

  • Specifies that voluntary rent adjustments or refunds made after a complaint is filed cannot be used as evidence that an overcharge was not willful

  • 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

Committee Referrals

Codes2/14/2023
Housing1/4/2023

Full Bill Text

No bill text available