Bill > A01510

This bill amends New York's real property law by introducing a new requirement that landlords must cash rent checks within thirty days of the check being postmarked. Specifically, the bill mandates that if a landlord receives a rent check from a tenant, they are legally obligated to deposit or cash that check within 30 days of its postmark date. If a landlord fails to do so, they can be subject to a civil penalty of $250. The purpose of this legislation appears to be protecting tenants from potential issues arising from delayed check processing, such as unnecessary late fees or potential eviction risks. By establishing a clear time frame for cashing rent checks and attaching a financial penalty for non-compliance, the bill aims to create a more transparent and fair rental payment process. The bill will take effect immediately upon becoming law.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A1510