Assembly Bill A2274

2025-2026 Legislative Session

Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A2274 (ACTIVE) - Details

See Senate Version of this Bill:
S3564
Current Committee:
Assembly Judiciary
Law Section:
Executive Law
Laws Affected:
Amd §§160-u, 160-e, 160-v & 160-w, Exec L; amd §80-a, St Fin L
Versions Introduced in Other Legislative Sessions:
2021-2022: A10130, S8874
2023-2024: A5459, S2919

2025-A2274 (ACTIVE) - Summary

Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.

2025-A2274 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2274
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 16, 2025
                                ___________
 
 Introduced by M. of A. SOLAGES, JACKSON -- read once and referred to the
   Committee on Judiciary
 
 AN ACT to amend the executive law and the state finance law, in relation
   to allocating fines imposed on real estate appraisers to the anti-dis-
   crimination in housing fund

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The opening paragraph of subdivision 1 of section 160-u  of
 the  executive  law,  as  amended by chapter 397 of the laws of 1991, is
 amended to read as follows:
   The rights of any holder under a state certificate as a  state  certi-
 fied real estate appraiser, or a license as a state licensed real estate
 appraiser,  may  be revoked or suspended, A FINE NOT EXCEEDING TWO THOU-
 SAND DOLLARS MAY BE IMPOSED  ON  ANY  HOLDER  OF  THE  CERTIFICATION  OR
 LICENSE,  PROVIDED  THAT  FIFTY  PERCENT  OF  ALL MONEYS RECEIVED BY THE
 DEPARTMENT OF STATE FOR SUCH FINES SHALL BE PAYABLE TO THE  ANTI-DISCRI-
 MINATION IN HOUSING FUND ESTABLISHED PURSUANT TO SECTION EIGHTY-A OF THE
 STATE  FINANCE LAW, or the holder of the certification or license may be
 otherwise disciplined in accordance with the provisions of this article,
 upon any of the grounds set forth in this section.  The  department  may
 investigate  the  actions  of  a state certified or licensed real estate
 appraiser, and may revoke or suspend the  rights  of  a  certificate  or
 license  holder  IMPOSE  A  FINE  ON A CERTIFICATE OR LICENSE HOLDER, or
 otherwise discipline a state certified or licensed real estate appraiser
 for any of the following acts or omissions:
   § 2. Subdivision 9 of section 160-e of the executive law,  as  amended
 by chapter 397 of the laws of 1991, is amended to read as follows:
   9.  To  suspend  and  revoke  certificates or licenses OR IMPOSE FINES
 pursuant to the disciplinary proceedings provided for in this article.
   § 3. Subdivision 1 of section 160-v of the executive law,  as  amended
 by chapter 241 of the laws of 1999, is amended to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04503-01-5
              

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