Bill > A00305

This bill amends the Real Property Actions and Proceedings Law to increase the maximum civil penalty for mortgagees or their agents who violate certain regulations from $500 to $1,000 per day per property. Specifically, the bill allows hearing officers or courts to impose a civil penalty of up to $1,000 for each day a violation persists, based on a preponderance of the evidence standard. The law applies to situations where a mortgagee or their agent is found to have violated specified requirements, and the increased penalty serves as a potential deterrent and punitive measure for non-compliance. The bill will take effect immediately upon enactment, providing an immediate increase in the potential financial consequences for mortgagees who fail to meet their legal obligations.

Justice

https://www.nysenate.gov/legislation/bills/2025/A305