Assembly Bill A5462

2025-2026 Legislative Session

Relates to methods of billing and/or paying rent

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A5462 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Real Property Law
Laws Affected:
Amd §235-g, RP L

2025-A5462 (ACTIVE) - Summary

Relates to methods of billing and/or paying rent; provides that a landlord shall accept payment of rent by personal check and by mail; provides exceptions to such payment options when a check has been returned for insufficient funds or payment has been stopped on a check, draft or order.

2025-A5462 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5462
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2025
                                ___________
 
 Introduced  by M. of A. BORES -- read once and referred to the Committee
   on Housing
 
 AN ACT to amend the real property law, in relation  to  the  methods  of
   billing and/or payment of rent
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. This act shall be known and may be cited as the "multi-pay-
 ment yielding equitable rent system (MYERS) act".
   § 2. The section heading of section 235-g of the real property law, as
 added by chapter 367 of the laws of  2010,  is  amended  and  three  new
 subdivisions 3, 4 and 5 are added to read as follows:
   [Electronic] METHODS OF billing and/or payment of rent.
   3.  A  LANDLORD  SHALL  ACCEPT PAYMENT OF RENT BY AT LEAST ONE FORM OF
 PAYMENT OTHER THAN THE  FOLLOWING:    WIRE  TRANSFER,  CASHIER'S  CHECK,
 CERTIFIED  CHECK,  BANK  DRAFT, MONEY ORDER, OR ANY FORM OF PAYMENT THAT
 REQUIRES A LESSEE OR TENANT TO INCUR A FEE AS A CONDITION OF PAYMENT.
   4. A LANDLORD MAY DEMAND AN EXCLUSIVE FORM OF PAYMENT IF THE TENANT OR
 LESSEE HAS PREVIOUSLY ATTEMPTED TO PAY THE LANDLORD OR LANDLORD'S  AGENT
 WITH  A  CHECK  DRAWN ON INSUFFICIENT FUNDS OR THE TENANT HAS INSTRUCTED
 THE DRAWEE TO STOP PAYMENT ON A CHECK, DRAFT, OR ORDER FOR  THE  PAYMENT
 OF  RENT TO THE LANDLORD OR LANDLORD'S AGENT. THE LANDLORD MAY DEMAND OR
 REQUIRE CASH AS THE EXCLUSIVE FORM OF PAYMENT  ONLY  FOR  A  PERIOD  NOT
 EXCEEDING  SIX MONTHS FOLLOWING AN ATTEMPT TO PAY WITH A CHECK ON INSUF-
 FICIENT FUNDS OR FOLLOWING A TENANT'S INSTRUCTION TO STOP PAYMENT.    IF
 THE  LANDLORD  CHOOSES  TO  DEMAND  OR  REQUIRE CASH PAYMENT UNDER THESE
 CIRCUMSTANCES, THE LANDLORD SHALL GIVE THE TENANT A WRITTEN NOTICE STAT-
 ING THAT THE PAYMENT INSTRUMENT WAS DISHONORED AND INFORMING THE  TENANT
 THAT  THE  TENANT SHALL PAY IN CASH FOR A PERIOD DETERMINED BY THE LAND-
 LORD, NOT TO EXCEED SIX MONTHS AND SHALL ATTACH A COPY OF THE DISHONORED
 INSTRUMENT TO SUCH NOTICE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09242-01-5
 A. 5462                             2

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