New York 2025 Session Status: Introduced

S9514 — Prohibits certain financial institutions from charging a fee based on the frequency of payments or for changing the frequency of mortgage payments

Last action — Senate Floor Calendar

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced March 19, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill prohibits fees for changing mortgage payment frequencies.

This bill aims to prevent financial institutions from charging fees related to the frequency of mortgage payments. It specifically addresses fees for making monthly, semi-monthly, or biweekly payments or for changing payment frequencies.

What this means for you
  • Consumers: This means consumers won't incur fees for changing how often they make mortgage payments.

Summary

Prohibits certain financial institutions from charging a fee for making monthly, semi-monthly, and biweekly payments or for changing the frequency of mortgage payments.

Bill Text

Action History

  1. SUBSTITUTED BY A9588B

  2. ADVANCED TO THIRD READING

  3. 2ND REPORT CAL.

  4. 1ST REPORT CAL.1032

  5. PRINT NUMBER 9514A

  6. AMEND (T) AND RECOMMIT TO BANKS

  7. REFERRED TO BANKS

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S9514 do?
Prohibits certain financial institutions from charging a fee for making monthly, semi-monthly, and biweekly payments or for changing the frequency of mortgage payments.
Who sponsors S9514?
S9514 is sponsored by Brian Kavanagh.
What is the current status of S9514?
This bill has been introduced in the Senate. Introduced March 19, 2026. It must pass committee before a floor vote.
Where can I track S9514?
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Last checked for changes 4 months ago · updated continuously

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