A00448
Type: B Origin: Assembly New York Comments: 0

Relates To Requiring Written Notification By Mortgagees Commencing Foreclosure Actions On A Multiple Dwelling With Ten Or More Units To The Department Of Housing Preservation And Development To Aid In The Identification And Improvements Of At-Risk Propert

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This bill mandates that mortgagees initiating foreclosure proceedings on a multiple dwelling with ten or more units must provide written notification to the Department of Housing Preservation and Development. The purpose is to assist in identifying and enhancing the conditions of properties at risk. The key provision is the requirement for notification, aiming to support better oversight and potential improvements for such properties. This measure seeks to facilitate early intervention in safeguarding multi-unit dwellings and maintaining housing standards.

Bill Activity

  • 2023-01-09: referred to judiciary

  • 2024-01-03: referred to judiciary

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