- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A02667 Summary:
BILL NO | A02667 |
  | |
SAME AS | SAME AS S03347 |
  | |
SPONSOR | Dinowitz |
  | |
COSPNSR | Carroll |
  | |
MLTSPNSR | |
  | |
Amd §5-501, Gen Ob L | |
  | |
Prohibits pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership where over fifty percent of the units are shareholder occupied. |
A02667 Actions:
BILL NO | A02667 | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
01/24/2019 | referred to judiciary | |||||||||||||||||||||||||||||||||||||||||||||||||
04/30/2019 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
05/02/2019 | advanced to third reading cal.233 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/04/2019 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/04/2019 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/04/2019 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
01/08/2020 | DIED IN SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
01/08/2020 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
01/08/2020 | ordered to third reading cal.119 | |||||||||||||||||||||||||||||||||||||||||||||||||
07/23/2020 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
07/23/2020 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
07/23/2020 | REFERRED TO RULES |
A02667 Committee Votes:
Dinowitz | Aye | Palumbo | Aye | ||||||
Titus | Excused | Montesano | Nay | ||||||
Lavine | Aye | Goodell | Nay | ||||||
Zebrowski | Excused | Norris | Nay | ||||||
Weprin | Aye | Walsh | Nay | ||||||
Braunstein | Aye | Byrnes | Nay | ||||||
Simotas | Aye | ||||||||
Quart | Aye | ||||||||
Buchwald | Aye | ||||||||
Steck | Aye | ||||||||
Seawright | Aye | ||||||||
Joyner | Aye | ||||||||
Abinanti | Aye | ||||||||
Wright | Aye | ||||||||
Wallace | Aye | ||||||||
Go to top
A02667 Floor Votes:
Yes
Abbate
Yes
Crespo
ER
Gantt
No
LiPetri
Yes
Perry
Yes
Simon
Yes
Abinanti
No
Crouch
No
Garbarino
Yes
Lupardo
Yes
Pheffer Amato
Yes
Simotas
Yes
Arroyo
Yes
Cruz
No
Giglio
Yes
Magnarelli
Yes
Pichardo
No
Smith
No
Ashby
Yes
Cusick
Yes
Glick
Yes
Malliotakis
Yes
Pretlow
No
Smullen
Yes
Aubry
Yes
Cymbrowitz
No
Goodell
No
Manktelow
Yes
Quart
Yes
Solages
No
Barclay
Yes
Davila
Yes
Gottfried
Yes
McDonald
No
Ra
No
Stec
Yes
Barnwell
Yes
De La Rosa
Yes
Griffin
No
McDonough
No
Raia
Yes
Steck
Yes
Barrett
Yes
DenDekker
Yes
Gunther
Yes
McMahon
Yes
Ramos
Yes
Stern
Yes
Barron
No
DeStefano
No
Hawley
No
Mikulin
Yes
Raynor
Yes
Stirpe
Yes
Benedetto
Yes
Dickens
Yes
Hevesi
No
Miller B
Yes
Reilly
No
Tague
ER
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Miller MG
Yes
Reyes
Yes
Taylor
Yes
Blake
Yes
Dinowitz
Yes
Hyndman
No
Miller ML
Yes
Richardson
Yes
Thiele
No
Blankenbush
No
DiPietro
Yes
Jacobson
No
Montesano
Yes
Rivera
Yes
Titus
No
Brabenec
Yes
D'Urso
Yes
Jaffee
No
Morinello
Yes
Rodriguez
Yes
Vanel
Yes
Braunstein
Yes
Eichenstein
Yes
Jean-Pierre
Yes
Mosley
Yes
Romeo
No
Walczyk
Yes
Bronson
Yes
Englebright
No
Johns
Yes
Niou
Yes
Rosenthal D
Yes
Walker
Yes
Buchwald
Yes
Epstein
Yes
Jones
Yes
Nolan
Yes
Rosenthal L
Yes
Wallace
Yes
Burke
Yes
Fahy
Yes
Joyner
No
Norris
Yes
Rozic
No
Walsh
No
Buttenschon
Yes
Fall
Yes
Kim
Yes
O'Donnell
Yes
Ryan
Yes
Weinstein
No
Byrne
Yes
Fernandez
No
Kolb
Yes
Ortiz
ER
Salka
Yes
Weprin
No
Byrnes
No
Finch
No
Lalor
Yes
Otis
Yes
Santabarbara
ER
Williams
Yes
Cahill
No
Fitzpatrick
Yes
Lavine
No
Palmesano
Yes
Sayegh
Yes
Woerner
Yes
Carroll
No
Friend
No
Lawrence
Yes
Palumbo
Yes
Schimminger
Yes
Wright
Yes
Colton
Yes
Frontus
Yes
Lentol
Yes
Paulin
No
Schmitt
Yes
Zebrowski
Yes
Cook
Yes
Galef
Yes
Lifton
Yes
Peoples-Stokes
Yes
Seawright
Yes
Mr. Speaker
‡ Indicates voting via videoconference
Yes
Abbate
No
Crouch
No
Garbarino
Yes
Lupardo
Yes
Pheffer Amato
Yes
Solages
Yes
Abinanti
Yes
Cruz
No
Giglio
Yes
Magnarelli
Yes
Pichardo
No
Stec
Yes
Arroyo
Yes
Cusick
Yes
Glick
Yes
Malliotakis
Yes
Pretlow
Yes
Steck
No
Ashby
Yes
Cymbrowitz
No
Goodell
No
Manktelow
Yes
Quart
Yes
Stern
Yes
Aubry
Yes
Darling
Yes
Gottfried
Yes
McDonald
No
Ra
Yes
Stirpe
No
Barclay
Yes
Davila
Yes
Griffin
No
McDonough
Yes
Ramos
No
Tague
Yes
Barnwell
Yes
De La Rosa
Yes
Gunther
Yes
McMahon
Yes
Reilly
Yes
Taylor
Yes
Barrett
Yes
DenDekker
No
Hawley
No
Mikulin
Yes
Reyes
Yes
Thiele
Yes
Barron
No
DeStefano
Yes
Hevesi
No
Miller B
ER
Richardson
Yes
Vanel
Yes
Benedetto
Yes
Dickens
Yes
Hunter
Yes
Miller MG
Yes
Rivera
No
Walczyk
Yes
Bichotte
Yes
Dilan
Yes
Hyndman
No
Miller ML
Yes
Rodriguez
Yes
Walker
Yes
Blake
Yes
Dinowitz
Yes
Jacobson
No
Montesano
Yes
Rosenthal D
Yes
Wallace
No
Blankenbush
No
DiPietro
Yes
Jaffee
No
Morinello
Yes
Rosenthal L
No
Walsh
No
Brabenec
Yes
D'Urso
Yes
Jean-Pierre
Yes
Mosley
Yes
Rozic
Yes
Weinstein
Yes
Braunstein
Yes
Eichenstein
No
Johns
Yes
Niou
Yes
Ryan
Yes
Weprin
Yes
Bronson
Yes
Englebright
Yes
Jones
Yes
Nolan
No
Salka
Yes
Williams
Yes
Buchwald
Yes
Epstein
Yes
Joyner
No
Norris
ER
Santabarbara
Yes
Woerner
Yes
Burke
Yes
Fahy
Yes
Kim
Yes
O'Donnell
Yes
Sayegh
Yes
Wright
No
Buttenschon
Yes
Fall
No
Kolb
Yes
Ortiz
ER
Schimminger
Yes
Zebrowski
No
Byrne
Yes
Fernandez
No
Lalor
Yes
Otis
No
Schmitt
Yes
Mr. Speaker
No
Byrnes
ER
Finch
Yes
Lavine
No
Palmesano
Yes
Seawright
Yes
Cahill
No
Fitzpatrick
No
Lawrence
Yes
Palumbo
Yes
Simon
Yes
Carroll
No
Friend
Yes
Lentol
Yes
Paulin
Yes
Simotas
Yes
Colton
Yes
Frontus
Yes
Lifton
Yes
Peoples-Stokes
No
Smith
Yes
Cook
Yes
Galef
No
LiPetri
Yes
Perry
No
Smullen
‡ Indicates voting via videoconference
A02667 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 2667 2019-2020 Regular Sessions IN ASSEMBLY January 24, 2019 ___________ Introduced by M. of A. DINOWITZ -- read once and referred to the Commit- tee on Judiciary AN ACT to amend the general obligations law, in relation to pre-payment penalties for mortgages secured by real property owned in a cooper- ative form of ownership The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph b of subdivision 3 of section 5-501 of the gener- 2 al obligations law, as amended by chapter 472 of the laws of 2008, is 3 amended to read as follows: 4 b. notwithstanding any other provision of law, the unpaid balance of 5 the loan or forbearance may be prepaid, in whole or in part, at any 6 time. If prepayment is made on or after one year from the date the loan 7 or forbearance is made, no penalty may be imposed. If prepayment is made 8 prior to such time, no penalty may be imposed unless provision therefor 9 is expressly made in the loan contract, provided that no penalty may be 10 imposed if prohibited by sections six-l and six-m of the banking law. No 11 prepayment penalty or fee shall be charged or collected on a loan or 12 forbearance secured by real property owned in a cooperative form of 13 ownership where over fifty percent of the units are shareholder occu- 14 pied. Such prepayment penalty shall be unenforceable. In all cases, the 15 right of prepayment shall be stated in the instrument evidencing the 16 loan or forbearance, provided, however, that the provisions of this 17 subdivision shall not apply to the extent such provisions are inconsist- 18 ent with any federal law or regulation. 19 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01343-01-9