· NY legislature · 2025-2026

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

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

Introduced

2025-01-09

Latest action

COMMITTED TO RULES