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New York · 2025 Regular Session · Bill

S 5602: Relates to certain real estate syndication offerings

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 5602 is a bill introduced in the New York Senate on February 25, 2025. According to its official title, it concerns: Relates to certain real estate syndication offerings. Primary sponsor: Rachel May (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO CONSUMER PROTECTION.

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.

Exempts certain timesharing plans involving ten or fewer purchasers from certain filing requirements relating to real estate investments; excludes New York City.

Sponsors

Sponsors by party (alphabetical): Democratic/Working Families 1

NameRolePartyChamberDistrict
Rachel MayPrimary sponsorDemocratic/Working FamiliesSenate48

“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 CONSUMER PROTECTION
  2. REFERRED TO CONSUMER PROTECTION

Sources

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