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

This bill increases fines for property owners who fail to file required rent registration statements on time. It raises the penalty from $500 to $1,000 per unregistered unit per month for late filings after receiving written notice from housing authorities. Owners must file the registration to stop the fine and avoid being barred from collecting rent above regulated rates. The fine becomes enforceable as a court judgment after the review period expires. The change directly affects landlords of rental properties in New York City that must comply with rent registration rules.