Bill
Bill > A05265
NY A05265
NY A05265Relates to establishing the tenancy deposit protection program; requires the commissioner of housing and community renewal to establish a program to hold security deposits in third-party accounts and create a dispute resolution process regarding the withholding of security deposits.
summary
Introduced
02/08/2019
02/08/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Relates to establishing the tenancy deposit protection program; requires the commissioner of housing and community renewal to establish a program to hold security deposits in third-party accounts and create a dispute resolution process regarding the withholding of security deposits.
AI Summary
This bill establishes the tenancy deposit protection program within the Division of Housing and Community Renewal. The program will require landlords to hold tenant security deposits or advances in a third-party custodian and arbiter account, with interest accruing. It will also create a dispute resolution service at no cost to the landlord and tenant to address disagreements over the withholding of security deposits or advances. The bill aims to provide more transparency and oversight in the management of security deposits.
Committee Categories
Housing and Urban Affairs
Sponsors (16)
Andrew Hevesi (D)*,
Brian Manktelow (R)*,
Dave McDonough (R)*,
Linda Rosenthal (D)*,
William Colton (D),
Catalina Cruz (D),
Anthony D'Urso (D),
Carmen De La Rosa (D),
Mathylde Frontus (D),
Richard Gottfried (D),
Kimberly Jean-Pierre (D),
Michael Miller (D),
Félix Ortiz (D),
Victor Pichardo (D),
José Rivera (D),
Jo Anne Simon (D),
Last Action
referred to housing (on 01/08/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A05265&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 02/09/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05265&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05265 | 02/12/2019 |
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