Summary of Bill S 2546

Bill Overview

• Bill Number: S 2546
• Title: Authorizes the mortgagee or lienor of an abandoned multiple dwelling to apply for the appointment of a receiver to bring the building into compliance
• Status: Referred to Judiciary
• Introduced On: January 21, 2025

Purpose and Intent

The primary purpose of Bill S 2546 is to empower mortgagees or lienors of abandoned multiple dwellings to take proactive measures in addressing properties that have fallen into disrepair or non-compliance with housing regulations. By allowing these stakeholders to apply for the appointment of a receiver, the bill aims to facilitate the rehabilitation of neglected buildings, thereby improving neighborhood conditions and ensuring compliance with safety and health standards.

Key Provisions

• Receiver Appointment: The bill enables mortgagees or lienors to petition the court for the appointment of a receiver. This receiver would be responsible for managing the abandoned property and ensuring it meets all relevant compliance standards.
• Compliance Measures: The receiver would have the authority to undertake necessary repairs and improvements to bring the building into compliance with local housing codes and regulations.
• Legal Framework: The bill outlines the legal process for applying for a receiver, including the necessary documentation and criteria that must be met to justify the appointment.

Impact

• Affected Parties:
  • Mortgagees and Lienors: This bill provides a legal avenue for these stakeholders to address abandoned properties that may be impacting their financial interests.
  • Communities: By facilitating the rehabilitation of abandoned buildings, the bill aims to enhance neighborhood safety, aesthetics, and property values.
  • Local Governments: The bill may reduce the burden on local governments by addressing abandoned properties more efficiently through private sector involvement.

Legislative Timeline

• January 21, 2025: Bill introduced and referred to Judiciary.
• February 11, 2025: First report calendar.
• February 12, 2025: Second report calendar.
• February 24, 2025: Advanced to third reading.
• May 12, 2025: Passed Senate and delivered to Assembly; subsequently referred to Judiciary.

Related Bills

• S 6172, S 4493, S 271, S 2389: Prior-session bills that may address similar issues.
• A 3444: Companion bill in the Assembly that may align with the objectives of S 2546.

This summary provides a concise overview of Bill S 2546, outlining its purpose, key provisions, and potential impacts on various stakeholders. The bill represents a legislative effort to improve the management of abandoned multiple dwellings, ultimately benefiting communities and property owners alike.