New York A 305: Requires introducer's memorandum to include a statement of fiscal impact affecting political subdivisions

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A00305 Summary:

BILL NOA00305 

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SAME ASNo Same As

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SPONSORCruz

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COSPNSR

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MLTSPNSR

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Amd §1308, RPAP L

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Relates to increasing the maximum civil penalty from $500 to $1000 per day per property for each day the mortgagee or agent of the mortgagee has been in violation.

Go to top A00305 Actions:

BILL NOA00305 

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01/08/2025referred to judiciary

01/07/2026referred to judiciary

Go to topA00305 Committee&nbspVotes:

Go to topA00305 Floor&nbspVotes:

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

Go to topA00305 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 305

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

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

 AN ACT to amend the real property actions and proceedings law, in
 relation to increasing the maximum civil penalty

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

 1 Section 1. Paragraph (a) of subdivision 8 of section 1308 of the real
 2 property actions and proceedings law, as added by section 1 of part Q of
 3 chapter 73 of the laws of 2016, is amended to read as follows:
 4 (a) Violations of this section may be heard before a hearing officer
 5 or a court of competent jurisdiction. If it shall appear to the satis-
 6 faction of the hearing officer or the court, based on the preponderance
 7 of the evidence, that the mortgagee or agent of a mortgagee has violated
 8 this section, a civil penalty may be issued by the hearing officer or
 9 the court in the amount of up to [five hundred] one thousand dollars per
 10 day per property for each day the violation persisted.
 11 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00721-01-5

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