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Assembly caps landlord bounced‑check fees at actual cost or $20
Summary
The Assembly passed A.56A to limit how much landlords may charge tenants for bounced checks to either the landlord's incurred cost or $20, whichever is less, and clarified that such fees must be written into a lease; the bill excludes rent‑stabilized tenants.
The New York State Assembly passed legislation (A.56A) limiting the amount a landlord can charge a tenant for a bounced check to the landlord’s actual bank cost or $20, whichever is less, and requiring such fees to be expressly stated in a written lease.
The bill’s sponsor, Assemblymember Epstein, told colleagues, “This bill puts a cap on how much a tenant would have to pay if there was a bounced check to the actual cost of, of the bounced check fee or $20, whichever is less.” The measure passed on a roll call, the clerk…
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