S 8066 New York Senate · 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 in committee 1 of 4 stages cleared

Introduction

May 2025

Committee Review

Floor Vote

Governor

Introduced May 15, 2025 Last action May 19, 2026

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What changed between versions

S8066 → S8066A · 4 edits

MODERATE

The bill was amended to reflect its progression through the Senate committee process, including a recommitment and subsequent discharge. The effective date of the law was changed from a specific future date to 'immediately', and the bill number was updated to indicate the amended version.

Scope change

The bill's scope remains focused on flood insurance requirements for mortgages, but the timeline for implementation has been accelerated.

TIMELINE

The effective date of the act was changed from the date of a previous chapter in 2025 to 'immediately'.

TECHNICAL

The bill number was updated from S 8066 to S 8066--A to reflect amendments and committee actions.

The procedural history was updated to show the bill was recommitted to the Judiciary Committee and later discharged.

SCOPE

New provisions were added to define 'residential real property' and to exempt properties used as collateral alongside other residential properties.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 19, 2026

Upper · Passed

PRINT NUMBER 8066A

upper

May 19, 2026

Upper · Passed

AMEND AND RECOMMIT TO JUDICIARY

upper

Jan 7, 2026

Committee

REFERRED TO JUDICIARY

upper

May 15, 2025

Committee

REFERRED TO JUDICIARY

upper

1 primary · 0 co-sponsors