New York A00305 increases the maximum civil penalty for mortgagee violations from $500 to $1000 per day per property.

New York A00305 amends the real property actions and proceedings law by raising the maximum civil penalty for violations by mortgagees or their agents from $500 to $1000 per day per property. The penalty applies for each day a violation persists, and it can be issued by a hearing officer or court if the preponderance of evidence shows a violation has occurred. This change takes effect immediately upon enactment.

New York A00305 increases the maximum civil penalty for mortgagee violations from $500 to $1000 per day per property.

New York A00305 amends the real property actions and proceedings law by raising the maximum civil penalty for violations by mortgagees or their agents from $500 to $1000 per day per property. The penalty applies for each day a violation persists, and it can be issued by a hearing officer or court if the preponderance of evidence shows a violation has occurred. This change takes effect immediately upon enactment.