|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 20, 2019||committed to rules|
|May 29, 2019||advanced to third reading|
|May 22, 2019||2nd report cal.|
|May 21, 2019||1st report cal.881|
|Jan 29, 2019||referred to housing, construction and community development|
senate Bill S2700
Current Bill Status - In Senate Committee Rules Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2700 (ACTIVE) - Details
S2700 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2700 SPONSOR: KENNEDY TITLE OF BILL: An act to amend the real property actions and proceedings law, in relation to increasing the maximum civil penalty PURPOSE: To require banks and finance companies to actively rehabilitate and maintain foreclosed properties which are a primary source of blight in neighborhoods and reduce property values for homes within a 1/8 mile radius of the foreclosed property. SUMMARY OF PROVISIONS: Section 1308 of the real property, actions and proceedings law is amended to increase the per day fines from $500 to $1,000 for banks responsible for foreclosed properties.
S2700 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2700 2019-2020 Regular Sessions I N S E N A T E January 29, 2019 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development 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: Section 1. Paragraph (a) of subdivision 8 of section 1308 of the real property actions and proceedings law, as added by section 1 of part Q of chapter 73 of the laws of 2016, is amended to read as follows: (a) Violations of this section may be heard before a hearing officer or a court of competent jurisdiction. If it shall appear to the satis- faction of the hearing officer or the court, based on the preponderance of the evidence, that the mortgagee or agent of a mortgagee has violated this section, a civil penalty may be issued by the hearing officer or the court in the amount of up to [five hundred] ONE THOUSAND dollars per day per property for each day the violation persisted. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03659-01-9
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