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

This bill increases the penalty for landlords in New York who fail to file rent registration statements on time. It directly affects property owners who must submit annual or initial rent registration forms to the Division of Housing and Community Renewal. Under the new rules, owners who miss filing deadlines after receiving notice will face a fine of one thousand dollars per unregistered unit for each month the registration remains delinquent. The bill also clarifies that late filings will eliminate penalties related to rent increases made before the filing occurs, provided those increases were otherwise lawful. The fine can be enforced as a court judgment after the review period expires.