Bill > A08083

This bill amends the Real Property Actions and Proceedings Law to authorize municipalities and the Department of Financial Services (DFS) to seek civil penalties against plaintiffs in mortgage foreclosure actions who fail to properly maintain foreclosed properties. Specifically, the bill allows a hearing officer or court to impose a penalty of up to $500 per day for each day a violation persists after a foreclosure judgment is issued. The superintendent of financial services can investigate potential violations, giving the plaintiff at least seven days' notice. Municipalities are also granted the right to enforce property maintenance obligations, with the ability to enter and maintain properties in emergency situations. For non-emergency cases, municipalities must provide seven days' notice to the plaintiff and ten days' notice to the DFS before taking action. Any civil penalties imposed will be retained by the municipality. The bill aims to ensure that properties in the foreclosure process are adequately maintained, protecting neighborhood property values and public safety by holding plaintiffs accountable for property upkeep.

Justice

https://www.nysenate.gov/legislation/bills/2025/A8083