Prohibits state chartered banking institutions from financing landlords engaging in bad faith acts.
The bill amends the banking law to prohibit state chartered banking institutions from providing financing to landlords who have engaged in certain bad faith acts. These include harassment, retaliation, violations of housing maintenance codes, and repeated fraudulent or illegal acts. The bill also requires applicants for financing to self-certify compliance with these provisions and furnish records or plans to the creditor. False certifications or furnishing false documents are subject to civil penalties.
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