Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.
Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint; provides that no insurer licensed or permitted by the superintendent to provide liability coverage to rental property owners shall exclude coverage for losses or damages caused by exposure to lead-based paint.
This bill authorizes Suffolk County to sell a specific parkland parcel (described in Section 3, approximately 0.23 acres in Smithtown) to Russel and Deana Galindo for residential development. In exchange, the Galindos must transfer another designated parcel (described in Section 4, approximately 0.24 acres) to the county to become new parkland, with the county ensuring the fair market value of the new land equals or exceeds the value of the sold land. The bill requires the county to use any value difference to acquire additional parkland or improve existing facilities and includes federal compliance requirements if federal funds were involved. It directly affects Suffolk County, the Galindos, and future parkland users through this specific land exchange.
This bill prohibits lenders from cutting off access to funds in home equity lines of credit (HELOCs) when borrowers are making timely payments. It directly affects homeowners who use HELOCs for residential financing by ensuring lenders cannot arbitrarily block their access to available credit. The law amends two state laws to explicitly state that lenders must maintain borrower access to these credit lines as long as payments are current. This creates a clear, enforceable requirement for lenders regarding a common type of residential mortgage product.
Imposes penalties for non-compliance of DHCR orders by owners of multiple dwelling units; provides a fine of $5,000 for each instance of non-compliance.
Relates to establishing distinctive "Women Veterans" plates and the women veterans support fund; establishes that moneys of the fund will be used for women veteran homelessness, counseling and other programs that support women veterans.
Provides for direct-pay tax abatement credits for solar electric generating systems and electric energy storage systems in connection with eligible buildings; provides such eligible properties shall include: 501(c)(3) corporations, associations, organizations or trusts and income-restricted affordable housing properties.
Authorizes municipalities to develop and implement a plan for local land value taxation based on classes of land; allows real estate to be classified as land or land exclusive of buildings and buildings on land.
Prohibits mortgagee from refusing to accept partial mortgage payments from a mortgagor which does not bring the mortgagor current on his or her mortgage debt.
This bill allows tenants in rental agreements for one year or longer to pay security deposits in up to six equal monthly installments, rather than as a single upfront payment. Landlords cannot charge extra fees or interest for this installment option, and rental agreements must clearly state the total deposit amount and each installment amount. The law applies to security deposits, advances, or non-refundable fees used as down payments for rental properties. Violations by landlords could result in civil fines up to 15% of the annual rent.
