New York A08403 amends the real property actions and proceedings law to regulate prosecution of residential real property violations by mortgage.

New York A08403 amends the real property actions and proceedings law by adding a new section that directs the superintendent of financial services to promulgate standards of review for determining whether to prosecute violations regarding residential real property. If both the department of financial services and a municipality are authorized to prosecute such a violation, the department must defer to the municipality unless it receives confirmation that the municipality does not intend to prosecute.

New York A08403 amends the real property actions and proceedings law to regulate prosecution of residential real property violations by mortgage.

New York A08403 amends the real property actions and proceedings law by adding a new section that directs the superintendent of financial services to promulgate standards of review for determining whether to prosecute violations regarding residential real property. If both the department of financial services and a municipality are authorized to prosecute such a violation, the department must defer to the municipality unless it receives confirmation that the municipality does not intend to prosecute.