A00393
Type: B Origin: Assembly New York Comments: 0

Relates To Increasing The Maximum Civil Penalty From $500 To $1000 Per Day Per Property For Each Day The Mortgagee Or Agent Of The Mortgagee Has Been In Violation.

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This federal bill aims to raise the maximum civil penalty for violations related to mortgagee actions on properties from $500 to $1000 per day per property. The increase in penalties is intended to deter non-compliance and ensure better adherence to regulations by mortgagees or their agents. This change could lead to more significant financial consequences for violators and potentially result in improved enforcement of property-related regulations.

Bill Activity

  • 2023-01-09: referred to judiciary

  • 2024-01-03: referred to judiciary

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