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NY A02274
Bill
Status
1/16/2025
Primary Sponsor
Michaelle Solages
Click for details
AI Summary
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Authorizes the Department of State to impose fines up to $2,000 on state certified or licensed real estate appraisers for violations, in addition to existing powers to revoke or suspend licenses
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Requires 50% of all fines collected from real estate appraisers to be deposited into the anti-discrimination in housing fund established under state finance law
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Expands the anti-discrimination in housing fund's permitted uses to explicitly include fair housing testing of real estate appraisers
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Amends procedural requirements to ensure appraisers receive written notice and hearing opportunity before fines are imposed, consistent with existing due process for license suspension or revocation
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
1/7/2026