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New York · 2025 Regular Session · Bill

S 1426: Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 1426 is a bill introduced in the New York Senate on January 9, 2025. According to its official title, it concerns: Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain. Primary sponsor: John Liu (Democratic). It lists 1 additional sponsor. Most recent recorded action (January 7, 2026): REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT.

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.

Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain; authorizes the department of financial services or the municipality to impose a $500 a day civil penalty for the failure of a lender to maintain an abandoned property that it has a duty to maintain; requires such lenders to register with the statewide vacant and abandoned property electronic registry.

Sponsors

Sponsors by party (alphabetical): Democratic 2

NameRolePartyChamberDistrict
John LiuPrimary sponsorDemocraticSenate16
Zellnor MyrieCo-sponsorDemocraticSenate20

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  2. REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source