Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.
Summary
Bill A02274 amends the executive law and state finance law to allocate fines imposed on real estate appraisers to the anti-discrimination in housing fund. Specifically, it allows for fines not exceeding two thousand dollars to be levied against state certified or licensed real estate appraisers for certain violations. The bill stipulates that fifty percent of all fines collected will be directed to the anti-discrimination in housing fund, which supports efforts to combat unlawful discrimination in housing practices.
Impact
The passage of this bill would enhance the funding available for anti-discrimination initiatives in housing, as it provides a new revenue stream from fines imposed on real estate appraisers. This could lead to increased enforcement of fair housing laws and potentially improve the oversight of real estate appraisal practices in New York State, thereby promoting equity in housing opportunities.
Sentiment
The general sentiment surrounding Bill A02274 appears to be supportive, as it addresses the critical issue of discrimination in housing. However, there may be concerns from real estate professionals regarding the imposition of fines and the potential for increased regulatory scrutiny. Overall, discussions indicate a recognition of the importance of funding anti-discrimination efforts.
Contention
Notable points of contention may arise from real estate appraisers who could be affected by the fines and the potential for increased disciplinary actions. Some may argue that the fines could disproportionately impact smaller or less established appraisers, while advocates for fair housing may emphasize the necessity of such measures to ensure accountability and promote equity.
Same As
Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.
Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.
Allocates fines imposed on real estate appraisers to the anti-discrimination in housing fund; provides that a fine not exceeding two thousand dollars may be imposed on real estate appraisers for certain acts or omissions.
Permits State Real Estate Appraiser Board to revoke, suspend, or fine appraisers or appraisal management companies who knowingly engage in discriminatory appraisals of residential property on basis of race or national origin.
Establishes penalties for appraisers who engage in discriminatory real estate appraisals and requires certain information to be provided to present and prospective owners or occupants of real estate.
Civil procedure; statute of limitations in civil actions against real estate appraisers established, statute of limitations for complaints to Board of Real Estate Appraisers established
Imposes fines of up to ten thousand dollars per hour on businesses which are found to have skimming devices operating at such business for more than one hour.