Bill > A03470

This bill requires homeowners' associations (HOAs) and condominium boards to provide homeowners with a 90-day notice before initiating a foreclosure action to enforce a lien for unpaid common charges, assessments, fines, or fees. The notice must be sent to the property address and any other address of record, and must be written in at least 14-point type, clearly stating the property address and the specific amount owed. This new requirement applies to both condominium associations and incorporated homeowners' associations, providing property owners with an extended warning period before potential legal action to recover unpaid charges. The bill aims to give homeowners more time to address outstanding financial obligations and potentially avoid foreclosure by providing a substantial advance notice. The legislation will take effect immediately and apply to all foreclosure actions commenced on or after its enactment date, offering enhanced protection and communication for property owners facing potential liens and foreclosure proceedings.

Housing and Urban Affairs, Justice

https://www.nysenate.gov/legislation/bills/2025/A3470