Assembly Bill A2701

2025-2026 Legislative Session

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

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-A2701 (ACTIVE) - Details

See Senate Version of this Bill:
S2283
Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-517, NYC Ad Cd; amd §12-a, Emerg Ten Prot Act of 1974

2025-A2701 (ACTIVE) - Summary

Increases fines for the late filing of rent registration statements; provides that a late filing fine shall be one thousand dollars.

2025-A2701 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2701
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2025
                                ___________
 
 Introduced  by M. of A. EPSTEIN -- read once and referred to the Commit-
   tee on Housing
 
 AN ACT to amend the administrative code of the city of New York and  the
   emergency  tenant protection act of nineteen seventy-four, in relation
   to surcharges assessed for the late filing of rent registration state-
   ments

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision e of section 26-517 of the administrative code
 of the city of New York, as amended by section 1 of part  C  of  chapter
 760 of the laws of 2023, is amended to read as follows:
   e.  The  failure  to  file  a proper and timely initial or annual rent
 registration statement shall, until such time as  such  registration  is
 filed,  bar  an owner from applying for or collecting any rent in excess
 of the legal regulated rent in effect on the date of the last  preceding
 registration  statement  or  if  no such statements have been filed, the
 legal regulated rent in effect on the date  that  the  housing  accommo-
 dation  became subject to the registration requirements of this section.
 The filing of a late registration shall result in the prospective elimi-
 nation of such sanctions and provided that increases in the legal  regu-
 lated rent were lawful except for the failure to file a timely registra-
 tion,  the  owner,  upon  the service and filing of a late registration,
 shall not be found to have collected an overcharge at any time prior  to
 the  filing  of the late registration. In addition to all other require-
 ments set forth in this subdivision, in the event a timely  rent  regis-
 tration is not filed and after notice of such delinquency is provided by
 the  state division of housing and community renewal to the owner in the
 form of electronic mail and mail to the address listed  in  the  owner's
 most recent registration statement, the owner shall be subject to a fine
 of  [five  hundred]  ONE THOUSAND dollars per unregistered unit for each
 month the registration is delinquent. Such a fine shall  be  imposed  by
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05787-01-5
              

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