Prohibits entities from engaging in the business of offering, at the same time and place, real estate broker services, mortgage broker services, appraiser services and legal services to first time home buyers.
STATE OF NEW YORK
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233
2009-2010 Regular Sessions
IN ASSEMBLY(Prefiled)
January 7, 2009
___________
Introduced by M. of A. BENJAMIN -- read once and referred to the Commit-
tee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to prohibiting
entities from engaging in the business of offering, at the same time
and place, real estate broker services, mortgage broker services,
appraiser services and legal services to first time home buyers
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The general business law is amended by adding a new section
2 395-c to read as follows:
3 § 395-c. Unlawful practices related to first time home buyers. No
4 person, partnership, association, corporation or entity shall engage in
5 the business of offering, at the same time and place, real estate broker
6 services, mortgage broker services, real estate appraiser services and
7 legal services to first time home buyers.
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00273-01-9