A5073 (2023-24 session)

NY State bill

Prohibits mortgagees from requiring mortgagors of certain residential real property to purchase flood insurance exceeding a coverage amount that exceeds the balance as of the beginning of the year for which the policy shall be in effect, or that includes coverage for contents.

Title
Prohibits mortgagees from requiring mortgagors of certain real property to purchase flood insurance exceeding certain limits
Type
New York State Assembly bill
Session
2023-24 session
Status
Signed by Governor
Latest action date
2024-12-13
Introduced
2023-03-02
Active version
A5073A
Same as
S7125
Law section
Real Property Law

Sponsors

Co-sponsors

Heard in committee

Same as

Substituted for

Sources