NY A04125

Prohibits state chartered banking institutions from providing financing or investing in stocks, securities, or obligations of residential real estate landlords convicted of illegal tenant conduct including harassment, coercion, or fraud.

Extends the prohibition to landlords convicted of fraudulent refinancing, tax fraud, embezzlement, or other fraud or theft related to financial management.

Bars investments in landlords who have entered into consent decrees with the New York Attorney General involving unfair or deceptive tenant practices that include tenant restitution funds exceeding $1 million, independent property management company control, or court-appointed monitoring.

Defines key terms including state chartered banking institutions, consent decrees, tenant restitution funds, property management companies, and monitors for enforcement purposes.

Takes effect immediately and applies to all contracts entered into, renewed, modified, or amended on or after the effective date.