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Bill May 21, 2026

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

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.

https://openstates.org/ny/bills/2025-2026/S9796/
Luis Sepúlveda State Senator
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