New York S 1163: Establishes the New York state community commission on reparations remedies

Bill Text

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S01163 Summary:

BILL NOS01163 

&nbsp

SAME ASSAME AS A00174

&nbsp

SPONSORKRUEGER

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §284, RP L

&nbsp

Prohibits rent minimums in all mortgages regardless of when issued.

Go to top S01163 Actions:

BILL NOS01163 

&nbsp

01/08/2025REFERRED TO JUDICIARY

06/12/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/12/2025ORDERED TO THIRD READING CAL.1960

06/13/2025SUBSTITUTED BY A174

&nbspA00174 AMEND= Carroll R

&nbsp01/08/2025referred to judiciary

&nbsp05/13/2025reported referred to codes

&nbsp05/20/2025reported referred to rules

&nbsp05/21/2025reported 

&nbsp05/21/2025rules report cal.194

&nbsp05/21/2025ordered to third reading rules cal.194

&nbsp06/11/2025passed assembly

&nbsp06/11/2025delivered to senate

&nbsp06/11/2025REFERRED TO RULES

&nbsp06/13/2025SUBSTITUTED FOR S1163

&nbsp06/13/20253RD READING CAL.1960

&nbsp06/13/2025PASSED SENATE

&nbsp06/13/2025RETURNED TO ASSEMBLY

&nbsp10/09/2025delivered to governor

&nbsp10/16/2025vetoed memo.32

&nbsp10/17/2025tabled

Go to topS01163 Committee&nbspVotes:

Go to topS01163 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01163 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1163

 2025-2026 Regular Sessions

 IN SENATE

 January 8, 2025
 ___________

 Introduced by Sen. KRUEGER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Judiciary

 AN ACT to amend the real property law, in relation to prohibiting rent
 minimums in mortgages

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The real property law is amended by adding a new section
 2 284 to read as follows:
 3 § 284. Rent minimums prohibited. No mortgagor on a loan secured prima-
 4 rily by an interest in real property shall be charged a fee, forced to
 5 default, or otherwise penalized by the mortgagee because the mortgagor
 6 did not set a high enough rent on all or part of such real property.
 7 All terms of a mortgage which would cause a mortgagor to be penalized
 8 for not setting a high enough rent shall be void and unenforceable as
 9 against public policy.
 10 § 2. This act shall take effect immediately and shall apply to all
 11 mortgages regardless of when issued, renewed, modified, altered or
 12 amended.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00490-01-5

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