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S 1426 NY

Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain

NY · session 2025-2026 · Senate · bill

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Introduced Jan 9, 2025

Latest action (Jan 7, 2026) REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Summary

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.

Sponsor (1)
1 coauthor / cosponsor

Action history (2)
  1. Jan 9, 2025 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
  2. Jan 7, 2026 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • S1426 · HTML
  • S1426 · PDF

Full text

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