S 9796 New York Senate · 2025 Regular Session

Relates to prohibiting pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 6, 2026 Last action Jun 5, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
2
Jun 5, 2026
Committee
COMMITTED TO RULES
upper
Apr 6, 2026
Committee
REFERRED TO JUDICIARY
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Luis Sepúlveda
Luis Sepúlveda
DDemocratic
NY
32