New York A 3348: Relates to the distribution of educational materials regarding the misuse of and addiction to prescription drugs in counties with the most prevalent abuse of prescription opioids

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A03348 Summary:

BILL NOA03348 

&nbsp

SAME ASSAME AS S00070

&nbsp

SPONSORDinowitz (MS)

&nbsp

COSPNSRSeawright, Simon, Glick, Tapia, Forrest, Taylor, Shimsky, Reyes, Carroll P, Burroughs

&nbsp

MLTSPNSRMcDonough

&nbsp

Amd §595-b, Bank L

&nbsp

Provides that any person who has been injured by reason of any violation of any such rules, regulations or policies as the superintendent may promulgate may bring an action in such person's own name; assert a counterclaim; or, if an action is commenced by the mortgagee or anyone acting on its behalf, bring a third party claim, against either the mortgagee and/or the mortgage servicer to enjoin any violations thereof; authorizes damages; makes related provisions.

Go to top A03348 Actions:

BILL NOA03348 

&nbsp

01/27/2025referred to banks

01/07/2026referred to banks

Go to topA03348 Committee&nbspVotes:

Go to topA03348 Floor&nbspVotes:

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

Go to topA03348 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3348

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 27, 2025
 ___________

 Introduced by M. of A. DINOWITZ, SEAWRIGHT, SIMON, GLICK, TAPIA, FORREST
 -- Multi-Sponsored by -- M. of A. McDONOUGH -- read once and referred
 to the Committee on Banks

 AN ACT to amend the banking law, in relation to mortgage loan servicers

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

 1 Section 1. Section 595-b of the banking law is amended by adding two
 2 new subdivisions 3 and 4 to read as follows:
 3 3. Actions and damages. (a) Any person who has been injured by reason
 4 of any violation of any such rules, regulations or policies as the
 5 superintendent may promulgate to effectuate the purposes of this arti-
 6 cle, including but not limited to 3 NYCRR 419 or any subsequently
 7 promulgated mortgage servicing rules pursuant to this subdivision, may:
 8 (i) Bring an action in such person's own name;
 9 (ii) Assert a counterclaim; or
 10 (iii) If an action is commenced by the mortgagee or anyone acting on
 11 its behalf, bring a third party claim, against either the mortgagee
 12 and/or the mortgage servicer to enjoin any violations thereof.
 13 (b) The person injured pursuant to this section:
 14 (i) May recover statutory damages of one thousand dollars per
 15 violation;
 16 (ii) May recover treble actual damages; and
 17 (iii) If awarded damages or injunctive relief, shall also be entitled
 18 to recover costs and expenses, including but not limited to reasonable
 19 attorneys' fees.
 20 (c) The mortgagee and the mortgage servicer shall be jointly and
 21 severally liable for any recoveries by an injured mortgagor in any
 22 action brought pursuant to this subdivision.
 23 4. Compliance with rules, regulations or policies. Material compliance
 24 with any such rules, regulations or policies as the superintendent may
 25 promulgate to effectuate the purposes of this article, including but not

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00016-01-5

 A. 3348 2

 1 limited to 3 NYCRR 419 or any subsequently promulgated mortgage servic-
 2 ing rules pursuant to this subdivision, shall be a condition precedent
 3 to commencing an action to foreclose upon a mortgage subject to this
 4 article or an action on the note, and the failure to materially comply
 5 with such rules, regulations or policies shall be a defense to a fore-
 6 closure action or action on the note, even if servicing has been trans-
 7 ferred to a different mortgage servicer when a foreclosure action or
 8 action on the note is commenced.
 9 § 2. This act shall take effect on the thirtieth day after it shall
 10 have become a law.

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps