New York S 9706: Exempts certain parcels of land from licensing restrictions prohibiting manufacturers, wholesalers and retailers of alcoholic beverages from sharing an interest in a licensed premises

Bill Text

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S09706 Summary:

BILL NOS09706 

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SAME ASNo Same As

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SPONSORCLEARE

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COSPNSR

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MLTSPNSR

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Add §13, Bank L

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Prohibits a state chartered banking institution from providing financing to a landlord who has engaged in certain bad faith acts.

Go to top S09706 Actions:

BILL NOS09706 

&nbsp

04/02/2026REFERRED TO BANKS

Go to topS09706 Committee&nbspVotes:

Go to topS09706 Floor&nbspVotes:

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

Go to topS09706 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9706

 IN SENATE

 April 2, 2026
 ___________

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

 AN ACT to amend the banking law, in relation to prohibiting bank invest-
 ments in bad faith landlords

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

 1 Section 1. The banking law is amended by adding a new section 13 to
 2 read as follows:
 3 § 13. Investments in bad faith landlords by state chartered banking
 4 institutions. 1. No state chartered banking institution or entity
 5 licensed pursuant to this chapter shall knowingly provide financing for
 6 or invest in the stocks, securities, or other obligations of any limit-
 7 ed-liability company, partnership, corporation or any other entity that
 8 acquires, owns, sells, or manages real property, which itself, or a
 9 member, officer, partner, shareholder, or director of which:
 10 (a) in the past year has granted a tenant an abatement of rent based
 11 on violations of the housing maintenance code, applicable housing stand-
 12 ards, building code, health code or section two hundred thirty-five-b of
 13 the real property law;
 14 (b) in the past year has violated sections 2525.4 or 2505.4 of title 9
 15 of the New York codes, rules and regulations or sections 7-105 or 7-108
 16 of the general obligations law;
 17 (c) in the past five years has engaged in repeated fraudulent or ille-
 18 gal acts under subdivision twelve of section sixty-three of the execu-
 19 tive law;
 20 (d) in the past five years has engaged in deceptive acts or practices
 21 under section three hundred forty-nine of the general business law;
 22 (e) in the past five years has violated sections 2525.5, 2505.6,
 23 2205.1, or 2505.1 of title 9 of the New York codes, rules and regu-
 24 lations;
 25 (f) owns a property with more than one open hazardous or immediately
 26 hazardous violation per dwelling unit within the past five years, as
 27 determined by the local housing standards department;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04008-04-6

 S. 9706 2

 1 (g) owns a property subject to the alternative enforcement program
 2 under section 27-2153 of the administrative code of the city of New
 3 York;
 4 (h) in the past five years has engaged in harassment as defined in
 5 section 27-2004 of the administrative code of the city of New York; or
 6 (i) in the past five years has engaged in retaliation under section
 7 two hundred twenty-three-b of the real property law;
 8 (j) in the past five years has violated section two hundred twenty-
 9 seven-f of the real property law; or
 10 (k) in the past five years has violated paragraph a of subdivision
 11 five of section two hundred ninety-six of the executive law.
 12 2. Subdivision one of this section shall not apply when any financing,
 13 loan, or investment will be used solely to cure an immediately hazardous
 14 violation of the uniform fire prevention and building code, New York
 15 city fire code, or New York city building and housing maintenance codes,
 16 if applicable, or to prevent a forseeable and imminent immediately
 17 hazardous violation of said codes.
 18 3. (a) A state-chartered banking institution or other entity licensed
 19 pursuant to this chapter shall require an applicant for financing to
 20 self-certify that they are not covered by acts listed in subdivision one
 21 of this section or, if they are covered by acts listed in subdivision
 22 one of this section, that the applicant will use the financing solely
 23 for the purposes defined in subdivision two of this section.
 24