A 8030 New York Assembly · 2025 Regular Session

Relates to limits on amount of flood insurance required by a mortgagee

Summary

Sets the definition of "principal" for the purposes of limits on amount of flood insurance required by a mortgagee; clarifies applicability of the state law relative to certain federal programs and requirements.

Bill status passed 3 of 5 stages cleared

Introduction

Apr 2025

Committee Review

May 2026

Assembly Passage

May 2026

Senate Passage

Governor

Introduced Apr 22, 2025 Last action May 20, 2026

Maddy AI version diff · 1 comparison

What changed between versions

A8030 → A8030A · 4 edits

MODERATE

The bill was reprinted as amended to include new provisions clarifying the definition of residential real property and adding an exemption for properties used as collateral alongside other properties. It also changed the effective date from the previous legislation to 'immediately' and updated the bill number to A8030-A.

Scope change

The bill now explicitly excludes residential real property that is used for collateral on a loan along with additional residential real property or properties from its requirements.

DEFINITION

Added a new definition clarifying that 'residential real property' has the same meaning as set forth in subdivision five of section four hundred sixty-one of the Real Property Law.

ELIGIBILITY

Added a new exemption stating that the flood insurance limits do not apply to residential real property used for collateral on a loan along with additional residential real property or properties.

TIMELINE

Changed the effective date of the act from the same date as chapter 64 of the laws of 2025 to 'immediately'.

TECHNICAL

Updated the bill number from A8030 to A8030-A to reflect its amended status and committee history.

Floor votes · Assembly May 20, 2026

How they voted

142–0

Passed · 7 other

Total votes 149

May 20, 2026

D Democratic102

98 Yea 4

96% Yea

R Republican47

44 Yea 3

93% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 20, 2026

Committee

REFERRED TO JUDICIARY

upper

May 20, 2026

Lower · Passed

PASSED ASSEMBLY

lower

May 18, 2026

Committee

REPORTED REFERRED TO RULES

lower

Apr 24, 2026

Lower · Passed

PRINT NUMBER 8030A

lower

Apr 24, 2026

Lower · Passed

AMEND AND RECOMMIT TO JUDICIARY

lower

Jan 7, 2026

Committee

REFERRED TO JUDICIARY

lower

Apr 22, 2025

Committee

REFERRED TO JUDICIARY

lower

1 primary · 0 co-sponsors