New York A 2274: Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund

Bill Text

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A02274 Summary:

BILL NOA02274 

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SAME ASSAME AS S03564

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SPONSORSolages

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COSPNSRJackson

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MLTSPNSR

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Amd §§160-u, 160-e, 160-v & 160-w, Exec L; amd §80-a, St Fin L

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Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.

Go to top A02274 Actions:

BILL NOA02274 

&nbsp

01/16/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA02274 Committee&nbspVotes:

Go to topA02274 Floor&nbspVotes:

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

Go to topA02274 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2274

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 16, 2025
 ___________

 Introduced by M. of A. SOLAGES, JACKSON -- read once and referred to the
 Committee on Judiciary

 AN ACT to amend the executive law and the state finance law, in relation
 to allocating fines imposed on real estate appraisers to the anti-dis-
 crimination in housing fund

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

 1 Section 1. The opening paragraph of subdivision 1 of section 160-u of
 2 the executive law, as amended by chapter 397 of the laws of 1991, is
 3 amended to read as follows:
 4 The rights of any holder under a state certificate as a state certi-
 5 fied real estate appraiser, or a license as a state licensed real estate
 6 appraiser, may be revoked or suspended, a fine not exceeding two thou-
 7 sand dollars may be imposed on any holder of the certification or
 8 license, provided that fifty percent of all moneys received by the
 9 department of state for such fines shall be payable to the anti-discri-
 10 mination in housing fund established pursuant to section eighty-a of the
 11 state finance law, or the holder of the certification or license may be
 12 otherwise disciplined in accordance with the provisions of this article,
 13 upon any of the grounds set forth in this section. The department may
 14 investigate the actions of a state certified or licensed real estate
 15 appraiser, and may revoke or suspend the rights of a certificate or
 16 license holder impose a fine on a certificate or license holder, or
 17 otherwise discipline a state certified or licensed real estate appraiser
 18 for any of the following acts or omissions:
 19 § 2. Subdivision 9 of section 160-e of the executive law, as amended
 20 by chapter 397 of the laws of 1991, is amended to read as follows:
 21 9. To suspend and revoke certificates or licenses or impose fines
 22 pursuant to the disciplinary proceedings provided for in this article.
 23 § 3. Subdivision 1 of section 160-v of the executive law, as amended
 24 by chapter 241 of the laws of 1999, is amended to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04503-01-5

 A. 2274 2

 1 1. Before suspending or revoking any certification or license or
 2 imposing any fines on a holder of a certification or license, the
 3 department shall notify the state certified or licensed real estate
 4 appraiser or licensed real estate appraiser assistant in writing of any
 5 charges made at least twenty days prior to the date set for the hearing
 6 and shall afford [him or her] the holder an opportunity to be heard in
 7 person or by counsel.
 8 § 4. Subdivision 2 of section 160-w of the executive law, as amended
 9 by chapter 241 of the laws of 1999, is amended to read as follows:
 10 2. If the department determined that a state certified or licensed
 11 real estate appraiser or licensed real estate appraiser assistant is
 12 guilty of a violation of any of the provisions of this article, it shall
 13 prepare a finding of fact and recommend that such appraiser be repri-
 14 manded or that [his or her] the appraiser's certification or license be
 15 suspended or revoked or that a fine be imposed. The decision and order
 16 of the department shall be final.
 17 § 5. Subdivisions 2 and 3 of section 80-a of the state finance law,
 18 subdivision 2 as added by chapter 687 of the laws of 2021, and subdivi-
 19 sion 3 as amende