Prohibits mortgagees from requiring mortgagors of certain real property to purchase flood insurance exceeding certain limits
Summary
Prohibits mortgagees from requiring mortgagors of certain residential real property to purchase flood insurance exceeding a coverage amount that exceeds the balance as of the beginning of the year for which the policy shall be in effect, or that includes coverage for contents.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
Governor
Introduced May 18, 2023
Last action Jun 5, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
2
Committee
2
Amendments
2
Apr 4, 2024
Upper · Passed
PRINT NUMBER 7125A
upper
Apr 4, 2024
Upper · Passed
AMEND AND RECOMMIT TO JUDICIARY
upper
Jan 3, 2024
Committee
REFERRED TO JUDICIARY
upper
May 18, 2023
Committee
REFERRED TO JUDICIARY
upper
1 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
NB
Neil Breslin
DDemocratic/Working Families
Co
Tony Palumbo
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about S 7125
Scope: NY
Hi! I can help you understand S 7125. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline