Bill
A 3444
Bill A 3444 empowers mortgagees to appoint receivers for abandoned buildings, ensuring compliance with housing codes and improving neighborhood safety and property values.
Bill Number: A 3444
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: January 27, 2025
Classification: Bill
Bill A 3444 aims to address the issue of abandoned multiple dwellings by empowering mortgagees or lienors to take proactive measures in restoring these properties. The legislation seeks to facilitate the appointment of a receiver who can manage the property and ensure compliance with relevant housing codes and regulations. This initiative is intended to improve neighborhood safety, enhance property values, and reduce blight associated with abandoned buildings.
Appointment of a Receiver: The bill allows mortgagees or lienors of abandoned multiple dwellings to apply for the appointment of a receiver. This receiver would be responsible for overseeing the property and ensuring it meets compliance standards.
Compliance Restoration: The receiver will have the authority to undertake necessary repairs and maintenance to bring the building into compliance with local housing codes.
Legal Framework: The bill outlines the legal process for applying for a receiver, including the necessary documentation and criteria that must be met to qualify for such an appointment.
Mortgagees and Lienors: This bill directly impacts mortgagees and lienors by providing them with a legal mechanism to address abandoned properties that may be affecting their financial interests.
Local Governments: Municipalities may benefit from reduced blight and improved housing conditions as abandoned properties are brought back into compliance.
Residents and Communities: The legislation aims to enhance the quality of life for residents living near abandoned buildings, potentially leading to safer and more attractive neighborhoods.
Current Status: As of January 27, 2025, the bill has been referred to the Judiciary Committee for further consideration.
Related Legislation: Bill A 3444 is related to several prior-session bills, including:
These related bills may provide additional context or complementary measures regarding the management of abandoned properties.
Bill A 3444 represents a legislative effort to empower stakeholders in the real estate sector to take action against abandoned multiple dwellings. By allowing mortgagees and lienors to appoint receivers, the bill aims to restore compliance and improve community conditions, ultimately benefiting both property owners and local residents. Further discussions and evaluations will take place as the bill moves through the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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