S1426 (2025-26 session)
NY State bill
Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain; authorizes the department of financial services or the municipality to impose a $500 a day civil penalty for the failure of a lender to maintain an abandoned property that it has a duty to maintain; requires such lenders to register with the statewide vacant and abandoned property electronic registry.
- Title
- Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Housing, Construction And Community Development
- Introduced
- 2025-01-09
- Same as
- A8983
- Law section
- Real Property Actions and Proceedings Law
Sponsors
- John C. Liu State Senator, District 16
Co-sponsors
- Zellnor Myrie State Senator, District 20
Heard in committee
- Housing, Construction And Community Development NY State Senate committee
Same as
- A8983 (2025-26 session) NY State bill