Authorizes municipalities and the department of financial services to seek civil penalties for violations of the duty to maintain a foreclosed property
Summary
Authorizes municipalities and the department of financial services to seek civil penalties for violations of the duty to maintain a foreclosed property in an amount of up to $650 per day for each day such violation persists after the judgement of foreclosure has been issued.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Apr 2026
Senate Passage
Apr 2026
Assembly Passage
Governor
Introduced Jan 15, 2025
Last action Apr 27, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S2122
→
S2122A
·
2 edits
MINOR
This bill amendment increases the daily civil penalty for failing to maintain a foreclosed property from $500 to $650. It also clarifies that these penalties can continue to be applied until the property is transferred to a third party, rather than stopping immediately after the foreclosure judgment.
Scope change
The bill's scope remains focused on municipalities and the Department of Financial Services enforcing maintenance duties on foreclosed properties, but the financial deterrent for non-compliance has been strengthened.
REQUIREMENT
The maximum daily civil penalty for violating maintenance duties was increased from $500 to $650.
ENFORCEMENT
Penalties may now be applied until the property is transferred to a third party, extending the duration of enforcement beyond the initial foreclosure judgment.
Floor votes · Senate May 21, 2025
How they voted
57–2
Passed · 3 other
Total votes 62
May 21, 2025
D
Democratic40
95% Yea
R
Republican22
86% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
Amendments
2
Apr 27, 2026
Committee
REFERRED TO JUDICIARY
lower
Apr 27, 2026
Upper · Passed
PASSED SENATE
upper
Jan 7, 2026
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
May 22, 2025
Committee
REFERRED TO JUDICIARY
lower
May 21, 2025
Upper · Passed
PASSED SENATE
upper
May 1, 2025
Upper · Passed
PRINT NUMBER 2122A
upper
May 1, 2025
Upper · Passed
AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
Jan 15, 2025
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
1 primary · 1 co-sponsor
Sponsors
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