New York A08083 authorizes municipalities and the Department of Financial Services to seek civil penalties for failing to maintain a foreclosed.

New York A08083 amends the real property actions and proceedings law to authorize municipalities and the Department of Financial Services to seek civil penalties for violations of the duty to maintain a foreclosed property. The penalty is up to $500 per day for each day the violation persists after the judgment of foreclosure has been issued. The municipality or the Department of Financial Services must provide notice to the plaintiff before taking action. Any civil penalty imposed will be retained by the municipality or the Department of Financial Services.

New York A08083 authorizes municipalities and the Department of Financial Services to seek civil penalties for failing to maintain a foreclosed.

New York A08083 amends the real property actions and proceedings law to authorize municipalities and the Department of Financial Services to seek civil penalties for violations of the duty to maintain a foreclosed property. The penalty is up to $500 per day for each day the violation persists after the judgment of foreclosure has been issued. The municipality or the Department of Financial Services must provide notice to the plaintiff before taking action. Any civil penalty imposed will be retained by the municipality or the Department of Financial Services.