S 1323

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: June 13, 2025.

Relates to prohibiting pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership.

Bill ID NY-2025-2026-S-1323

Session 2025-2026

Status in_committee

Committee Rules

Senate in_committee 2025-06-13

Summary

Prohibits pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership where over fifty percent of the units are shareholder occupied.

Sponsor

Brad Hoylman-Sigal

Official Source Back to Bills

Actions Timeline

Date	Event	Detail
2025-01-09	Introduced	Bill introduced
2025-06-13	Status	in_committee
2025-06-13	Latest Action	In Senate Committee

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