senate Bill S7865

2013-2014 Legislative Session

Creates the New York City department of housing preservation and development homeowners improvement trust fund and the HPD homeowner standard warranty

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 16, 2014 referred to rules

S7865 - Details

Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 28 ยงยง1233 - 1238, Priv Hous Fin L

S7865 - Summary

Creates the New York City department of housing preservation and development homeowners improvement trust fund and the HPD homeowner standard warranty.

S7865 - Sponsor Memo

S7865 - Bill Text download pdf

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

                                  7865

                            I N  S E N A T E

                              June 16, 2014
                               ___________

Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the private housing finance law, in relation to creating
  the New York City department of housing preservation  and  development
  homeowners  improvement  trust  fund  and  the  HPD homeowner standard
  warranty

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

  Section  1. The private housing finance law is amended by adding a new
article 28 to read as follows:
                             ARTICLE XXVIII
          NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION AND
              DEVELOPMENT HOMEOWNERS IMPROVEMENT TRUST FUND
SECTION 1233. DEFINITIONS.
        1234. NEW YORK  CITY  DEPARTMENT  OF  HOUSING  PRESERVATION  AND
                DEVELOPMENT HOMEOWNERS IMPROVEMENT TRUST FUND.
        1235. WRITTEN WARRANTY; CONTENTS.
        1236. POWERS OF THE COMMISSIONER.
        1237. RESOLUTION OF DISPUTES REGARDING HPD PROJECTS.
        1238. PENALTIES FOR VIOLATION OF THIS ARTICLE.
  S  1233.  DEFINITIONS.  FOR THE PURPOSES OF THIS ARTICLE THE FOLLOWING
TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  1. "BUSINESS ENTITY" MEANS A  CORPORATION,  ASSOCIATION,  PARTNERSHIP,
LIMITED LIABILITY COMPANY, LIMITED LIABILITY PARTNERSHIP, OR OTHER LEGAL
ENTITY.
  2.  "DELIVERED  CONDITION"  MEANS  THE  PHYSICAL CONDITION OF THE HOME
AFTER DELIVERY AND INSTALLATION AT THE HOME SITE HAS BEEN COMPLETED.
  3. "DEPARTMENT" MEANS THE NEW YORK STATE  COMMUNITY  HOMES  &  RENEWAL
PROGRAM.
  4.  "FUND"  MEANS THE NEW YORK CITY DEPARTMENT OF HOUSING PRESERVATION
AND DEVELOPMENT HOMEOWNERS IMPROVEMENT TRUST FUND  CREATED  PURSUANT  TO
THE PROVISIONS OF SECTION TWELVE HUNDRED THIRTY-FOUR OF THIS ARTICLE.
  5.  "SPONSOR"  MEANS ANY PERSON OR BUSINESS ENTITY, INCLUDING, BUT NOT
LIMITED TO, A  SPONSOR,  DEVELOPER,  MORTGAGOR,  APPLICANT,  OR  GENERAL

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.