| BILL NO | S07167 |
| |
| SAME AS | SAME AS A09763
|
| |
| SPONSOR | KLEIN |
| |
| COSPNSR | AVELLA, BAILEY, HAMILTON, PERALTA, SAVINO, VALESKY |
| |
| MLTSPNSR | |
| |
| Amd §§1307, 1308 & 1310, RPAP L |
| |
| Directs the department of financial services to periodically inspect residential real properties for which a lender has a duty to maintain; authorizes the department of financial services or the municipality to impose a $500 a day civil penalty for the failure of a lender to maintain an abandoned property that it has a duty to maintain; requires such lenders to register with the statewide vacant and abandoned property electronic registry. |
