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NY A03470
Bill
Status
10/16/2025
Primary Sponsor
Charles Lavine
Click for details
AI Summary
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Requires homeowners' associations and condominium boards to provide written notice at least 90 days before commencing foreclosure proceedings to enforce liens for unpaid assessments, fees, fines, or common charges
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Notice must be sent to the property address and any other address on record for the unit owner
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Notice must be printed in at least 14-point type and must specify the property address and the exact amount owed
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Creates a new Article 20-A in the Real Property Actions and Proceedings Law specifically governing enforcement of liens by incorporated homeowners' associations
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Applies to foreclosure actions commenced on or after the effective date of the legislation
Legislative Description
Requires notice to be provided ninety days prior to commencement of a foreclosure action by a homeowners' association or condominium board to enforce a lien for unpaid common charges, assessments, fines or fees.
Last Action
signed chap.433
10/16/2025