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S 5321 - Increases the Maximum Civil Penalty to $1,000 for Mortgagee Violations - New York Key Vote

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Title: Increases the Maximum Civil Penalty to $1,000 for Mortgagee Violations

Vote Smart's Synopsis:

Vote to pass a bill that increases the maximum civil penalty to $1,000 for mortgagee violations of real property actions and proceeding law.

Highlights:

 

  • Authorizes a civil penalty to be issued by the hearing officer or the court in the amount of up to $1,000 per day per property for each day the violation persisted if it appears to the satisfaction of the hearing officer or the court, based on the preponderance of the evidence, that the mortgagee or agent of a mortgagee has committed violations (Sec. 1.a).

Title: Increases the Maximum Civil Penalty to $1,000 for Mortgagee Violations

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