Skip to main content

AgoraSign in

Senate bill · S1323 (2025-26)

Relates to prohibiting pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership

Latest action Jun 13, 2025

Summary

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.

Your position on this bill

Not chosen yet

Sign in to choose

Where it stands

Out of committee and scheduled for a vote by the full chamber.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

New York State Senate

Same as A88, the matching bill in the Assembly.

Amends the General Obligations Law.

Committee

Judiciary · New York State Assembly

Also referred to Judiciary · New York State Senate.

Recorded votes

  • Vote: Committee vote · Judiciary

    Senate JudiciaryJan 27, 2025Result: passed

    (19) (0) (0) (0)

Full history

  1. Jun 13, 2025

    In committee

    COMMITTED TO RULES

    NY Senate

  2. Feb 3, 2025

    Advanced to Third Reading

    ADVANCED TO THIRD READING

    NY Senate

  3. Jan 28, 2025

    2ND Report CAL.

    2ND REPORT CAL.

    NY Senate

  4. Jan 27, 2025

    1ST Report CAL.184

    1ST REPORT CAL.184

    NY Senate

  5. Jan 9, 2025

    Referred to committee

    REFERRED TO JUDICIARY

    NY Senate

About this record

Summary

The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.

Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 30, 2026. About our data

Read the record

Follow