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Bill

Bill

A 2701

Relates to increasing fines for the late filing of rent registration statements

2025 Regular Session Introduced by Harvey Epstein

Bill A 2701 increases fines for landlords who file rent registration statements late, promoting compliance and protecting tenant rights in the rental market.

REFERRED TO HOUSING
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Bill Summary · A 2701

Summary of Bill A 2701

Bill Number: A 2701
Title: Relates to increasing fines for the late filing of rent registration statements
Status: Referred to Housing
Introduced: January 22, 2025
Classification: Bill

Purpose and Intent

Bill A 2701 aims to address the issue of timely rent registration by increasing the fines imposed on landlords who fail to file their rent registration statements on time. The intent behind this legislation is to encourage compliance with existing rent registration requirements, thereby promoting transparency and accountability in the rental housing market.

Key Provisions

  • Increased Fines: The bill proposes to raise the financial penalties for landlords who do not submit their rent registration statements by the designated deadline.
  • Specific Amounts: While the exact figures for the increased fines are not detailed in the provided information, the bill is expected to specify new penalty amounts that are significantly higher than current fines.
  • Enforcement Mechanism: The bill may outline procedures for enforcement, including how fines will be assessed and collected.

Affected Parties

  • Landlords: The primary group affected by this legislation will be landlords who are required to file rent registration statements. Increased fines may lead to greater financial consequences for non-compliance.
  • Tenants: Indirectly, tenants may benefit from this bill as it aims to ensure that landlords adhere to regulations that protect tenant rights and promote fair rental practices.
  • Housing Authorities: Local housing authorities may see changes in their enforcement practices and administrative processes as they adapt to the new fine structure.

Procedural Aspects

  • Legislative Action: As of January 22, 2025, the bill has been referred to the Housing Committee for further consideration. This step is crucial for the bill's progression through the legislative process.
  • Companion Bill: Bill A 2701 has a companion bill, S 2283, which may provide additional context or support for the proposed changes. The relationship between the two bills could influence their chances of passage.

Conclusion

Bill A 2701 seeks to strengthen compliance with rent registration requirements by increasing penalties for late filings. By doing so, it aims to enhance the integrity of the rental housing market and protect tenant interests. As the bill progresses through the legislative process, further details regarding the specific fines and enforcement mechanisms will likely emerge.

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

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