Relates to increasing fines for the late filing of rent registration statements

This bill increases fines for landlords who fail to file rent registration statements on time, raising the penalty from $500 to $1,000 per unregistered unit each month. It directly affects property owners in New York City who miss filing deadlines for rent registration. The key provision requires the Housing Department to send notice via email and mail before imposing the fine, which applies retroactively to the month the filing was late. Landlords who later file late registrations avoid penalties for past rent overcharges caused by the delay.