New York · 2025 Regular Session · Bill
S 1323: Relates to prohibiting pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 1323 is a bill introduced in the New York Senate on January 9, 2025. According to its official title, it concerns: Relates to prohibiting pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership. Primary sponsor: Brad Hoylman-Sigal. Most recent recorded action (June 13, 2025): COMMITTED TO RULES.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Brad Hoylman-Sigal | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- COMMITTED TO RULES
- ADVANCED TO THIRD READING
- 2ND REPORT CAL.
- 1ST REPORT CAL.184
- REFERRED TO JUDICIARY