New York Assembly Bill 5938

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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]

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.

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.

Asm. Patricia Fahy [D]

Asm. John McDonald [D]

Asm. Jennifer Lunsford [D]

Date	Chamber	Action
2024-01-03	Assembly	referred to judiciary
2023-03-24	Assembly	referred to judiciary

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2023/A5938
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A05938&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05938