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S01426 Summary:
| BILL NO | S01426 |
| SAME AS | SAME AS A08983 |
| SPONSOR | LIU |
| COSPNSR | MYRIE |
| 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. | |