NY A05938 | 2023-2024 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on March 24 2023 - 25% progression
Action: 2024-01-03 - referred to judiciary
Pending: Assembly Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Relates to prosecution by the department of financial services (DFS) and municipalities of certain violations regarding residential real property by mortgage lenders and similar entities; directs DFS to promulgate standards of review of whether to prosecute such violations; requires deference to municipalities where both the municipality and DFS are authorized to prosecute such a violation; directs payments of civil penalties issued pursuant to such violations to be paid to DFS if DFS is the prosecuting entity.

Tracking Information

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Title

Relates to prosecution by the department of financial services (DFS) and municipalities of certain violations regarding residential real property by mortgage lenders and similar entities; directs DFS to promulgate standards of review of whether to prosecute such violations; requires deference to municipalities where both the municipality and DFS are authorized to prosecute such a violation; directs payments of civil penalties issued pursuant to such violations to be paid to DFS if DFS is the prosecuting entity.

Sponsors


History

DateChamberAction
2024-01-03Assemblyreferred to judiciary
2023-03-24Assemblyreferred to judiciary

New York State Sources


Bill Comments

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