New York A 5462: Relates to methods of billing and/or paying rent

Bill Text

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A05462 Summary:

BILL NOA05462 

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SAME ASNo Same As

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SPONSORBores

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COSPNSR

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MLTSPNSR

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Amd §235-g, RP L

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Relates to methods of billing and/or paying rent; provides that a landlord shall accept payment of rent by personal check and by mail; provides exceptions to such payment options when a check has been returned for insufficient funds or payment has been stopped on a check, draft or order.

Go to top A05462 Actions:

BILL NOA05462 

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02/14/2025referred to housing

01/07/2026referred to housing

Go to topA05462 Committee&nbspVotes:

Go to topA05462 Floor&nbspVotes:

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

Go to topA05462 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5462

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 14, 2025
 ___________

 Introduced by M. of A. BORES -- read once and referred to the Committee
 on Housing

 AN ACT to amend the real property law, in relation to the methods of
 billing and/or payment of rent

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

 1 Section 1. This act shall be known and may be cited as the "multi-pay-
 2 ment yielding equitable rent system (MYERS) act".
 3 § 2. The section heading of section 235-g of the real property law, as
 4 added by chapter 367 of the laws of 2010, is amended and three new
 5 subdivisions 3, 4 and 5 are added to read as follows:
 6 [Electronic] Methods of billing and/or payment of rent.
 7 3. A landlord shall accept payment of rent by at least one form of
 8 payment other than the following: wire transfer, cashier's check,
 9 certified check, bank draft, money order, or any form of payment that
 10 requires a lessee or tenant to incur a fee as a condition of payment.
 11 4. A landlord may demand an exclusive form of payment if the tenant or
 12 lessee has previously attempted to pay the landlord or landlord's agent
 13 with a check drawn on insufficient funds or the tenant has instructed
 14 the drawee to stop payment on a check, draft, or order for the payment
 15 of rent to the landlord or landlord's agent. The landlord may demand or
 16 require cash as the exclusive form of payment only for a period not
 17 exceeding six months following an attempt to pay with a check on insuf-
 18 ficient funds or following a tenant's instruction to stop payment. If
 19 the landlord chooses to demand or require cash payment under these
 20 circumstances, the landlord shall give the tenant a written notice stat-
 21 ing that the payment instrument was dishonored and informing the tenant
 22 that the tenant shall pay in cash for a period determined by the land-
 23 lord, not to exceed six months and shall attach a copy of the dishonored
 24 instrument to such notice.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09242-01-5

 A. 5462 2

 1 5. A landlord shall not require a lessee or tenant to physically
 2 tender the payment of rent directly to the landlord unless the landlord
 3 provides a location no less than three hundred feet from the building
 4 containing or comprising the leased premises at which a lessee or tenant
 5 can tender such payment.
 6 § 3. This act shall take effect on the ninetieth day after it shall
 7 have become a law.

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