New York Senate Bill 1323: 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.

New York · 2025-2026 session

What it does

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.

Latest action

COMMITTED TO RULES (2025-06-13)

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