New York · 2025 Regular Session · Bill
S 4004: Requires that notice of increase in mortgage escrow account be given in advance
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 4004 is a bill introduced in the New York Senate on January 31, 2025. According to its official title, it concerns: Requires that notice of increase in mortgage escrow account be given in advance. Primary sponsor: Kevin Parker (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO JUDICIARY.
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.
Provides that a mortgage investing institution that maintains a mortgage on any real property in the state of New York shall give ten days written notice prior to requiring payment of an increase in the amount of escrow if the dollar amount of such increase is more than five percent of the total monthly payment; provides that no service charge shall be imposed for the giving of such notice; defines that term "mortgage investing institutions" as any banking organization or other entity engaged in the business of offering mortgage financing to the public or investing in mortgages.
Sponsors
Sponsors by party (alphabetical): Democratic/Working Families 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Kevin Parker | Primary sponsor | Democratic/Working Families | Senate | 21 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO JUDICIARY
- REFERRED TO JUDICIARY