A 4582 New York Assembly · 2025 Regular Session

Prohibits bank investments in bad faith landlords

This bill prohibits state-chartered banks from providing financing or investing in landlords who have engaged in specific serious violations against tenants. It directly affects landlords convicted of tenant harassment, fraud, or financial crimes like embezzlement, or those who entered a court settlement requiring over $1 million in tenant restitution, management takeover, or court monitoring. Banks would be barred from funding these landlords' residential properties or securities. The law applies immediately to all new or modified contracts after enactment, targeting financial support for landlords with documented patterns of harming tenants.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 4, 2025 Last action Jan 7, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BANKS
lower
Feb 4, 2025
Committee
REFERRED TO BANKS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian Cunningham
Brian Cunningham
DDemocratic
NY
43