Bill > A00385

This bill amends the Emergency Tenant Protection Act of 1974 and the Administrative Code of the City of New York to impose penalties on property owners who fail to file a timely or proper initial or annual rent registration statement. The bill establishes a treble damage penalty against owners solely for failing to file the required registration statements. It also imposes a $2,000 fine per unregistered housing accommodation for failure to file the annual rent registration statement, payable to the State Division of Housing and Community Renewal. The bill aims to improve compliance with rent registration requirements and ensure accurate rent history records for the purposes of investigating rent overcharge complaints.