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Assembly Bill A233

2009-2010 Legislative Session

Prohibits entities from engaging in the business of offering, at the same time and place, certain real estate related services to first time home buyers

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Archive: Last Bill Status - In Assembly Committee

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2009-A233 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Add ยง395-c, Gen Bus L

2009-A233 (ACTIVE) - Summary

Prohibits entities from engaging in the business of offering, at the same time and place, real estate broker services, mortgage broker services, appraiser services and legal services to first time home buyers.

2009-A233 (ACTIVE) - Sponsor Memo

2009-A233 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   233

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced by M. of A. BENJAMIN -- read once and referred to the Commit-
  tee on Consumer Affairs and Protection

AN  ACT  to  amend  the general business law, in relation to prohibiting
  entities from engaging in the business of offering, at the  same  time
  and  place,  real  estate  broker  services, mortgage broker services,
  appraiser services and legal services to first time home buyers

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The general business law is amended by adding a new section
395-c to read as follows:
  S  395-C.  UNLAWFUL  PRACTICES  RELATED TO FIRST TIME HOME BUYERS.  NO
PERSON, PARTNERSHIP, ASSOCIATION, CORPORATION OR ENTITY SHALL ENGAGE  IN
THE BUSINESS OF OFFERING, AT THE SAME TIME AND PLACE, REAL ESTATE BROKER
SERVICES,  MORTGAGE  BROKER SERVICES, REAL ESTATE APPRAISER SERVICES AND
LEGAL SERVICES TO FIRST TIME HOME BUYERS.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00273-01-9

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