Bill

A 2274

Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund

2025 Regular Session Introduced by Chantel Jackson and 1 co-sponsor

Redirects fines levied on real estate appraisers to the anti-discrimination in housing fund, boosting resources for housing equality programs.

REFERRED TO JUDICIARY

WeVote Research Nonpartisan

Bill Summary · A 2274

Summary of Bill A 2274 (New York)

Overview

Bill number: A 2274
Title / Purpose: Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund
Status: Referred to Judiciary
Introduced: January 16, 2025
Classification: Assembly bill

Legislative Actions

2025-01-16: Referred to Judiciary (listed twice in the provided actions)

Core Provisions

The bill would redirect or allocate fines that are imposed on real estate appraisers to the anti-discrimination in housing fund.
By directing these fines to the fund, the bill ties enforcement penalties for appraisers to financing anti-discrimination in housing initiatives.

Note: The provided summary does not include specific financial figures (e.g., fine amounts), exact allocation formulas, or detailed administrative mechanisms for administering the fund. If enacted, those details would typically appear in the bill’s text and any subsequent amendments.

Potential Impact

Funding for anti-discrimination in housing initiatives: The anti-discrimination in housing fund would receive revenue from real estate appraiser fines, potentially increasing resources for enforcement, education, outreach, and programs designed to prevent housing discrimination.
Real estate appraisal industry: Real estate appraisers subject to fines could indirectly affect compliance costs and administrative oversight, depending on how fines are assessed and enforced and how these funds are utilized.
State and program administration: The fund’s administration would likely involve a state office or board responsible for managing the anti-discrimination in housing initiatives funded by these fines (subject to the bill’s text).

Affected Parties

Real estate appraisers: As the source of the fines whose proceeds would go to the fund.
Anti-discrimination in housing fund programs: Beneficiaries of the redirected fines, enabling greater programmatic activity.
Judiciary/legislative committees: As the bill is currently referred to Judiciary, which would review provisions related to enforcement, penalties, and fund administration.

Related Legislation

A 5459 (prior-session) — related Assembly bill
A 10130 (prior-session) — related Assembly bill
S 3564 (companion) — related Senate bill (status noted as companion)

Next Steps / Timeline

The bill has been referred to the Assembly Judiciary Committee. If advanced, it would move through committee hearings, potential amendments, and floor votes in the Assembly, followed by parallel consideration in the Senate (via its companion bill S 3564).
No effective date or specific implementation timeline is provided in the summary.

This summary presents the essential information about A 2274: its purpose to allocate fines from real estate appraisers to the anti-discrimination in housing fund, the sponsoring authors, current procedural status, and potential impacts. For a full understanding, reviewing the bill’s text and any fiscal notes or amendments would be necessary once available.

Compiled from official sources — confirm details with the bill’s official record.