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NY S02919
Bill
Status
5/31/2023
Primary Sponsor
Cordell Cleare
Click for details
AI Summary
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Allows the Department of State to impose fines up to $2,000 on state certified or licensed real estate appraisers in addition to existing suspension or revocation penalties.
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Requires 50% of all fines collected from real estate appraisers under Executive Law Section 160-u to be transferred to the anti-discrimination in housing fund established under State Finance Law Section 80-a.
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Requires the Department of State to provide written notice of charges at least 20 days before a hearing and give appraisers an opportunity to be heard before imposing any fines, suspension, or revocation.
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Authorizes use of anti-discrimination in housing fund moneys by the Office of the Attorney General for fair housing testing, including specific testing of real estate appraisers.
Legislative Description
Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.
Last Action
referred to judiciary
3/28/2024