Increases penalties for owners of rent-regulated property who overcharge tenants.

New York S09694 amends the Emergency Tenant Protection Act of 1974 and the administrative code of the city of New York to increase penalties for owners of rent-regulated property who overcharge tenants. The bill imposes a penalty of five times the amount of the overcharge for willful overcharges collected by the owner. The penalty is assessed starting six years before the complaint is filed.

Increases penalties for owners of rent-regulated property who overcharge tenants.

New York S09694 amends the Emergency Tenant Protection Act of 1974 and the administrative code of the city of New York to increase penalties for owners of rent-regulated property who overcharge tenants. The bill imposes a penalty of five times the amount of the overcharge for willful overcharges collected by the owner. The penalty is assessed starting six years before the complaint is filed.