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NY A00305

Bill

Official Source

Status

Introduced

1/8/2025

Primary Sponsor

Catalina Cruz

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Increases the maximum civil penalty for mortgagee violations from $500 to $1,000 per day per property
  • Applies to violations of real property actions and proceedings law section 1308, which governs mortgagee conduct
  • Penalties can be issued by either a hearing officer or a court of competent jurisdiction
  • Violations must be proven by a preponderance of the evidence
  • Takes effect immediately upon passage

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 judiciary

1/7/2026

Committee Referrals

Judiciary1/8/2025

Full Bill Text

No bill text available