Limitations on Applications
Proposed Rules: Closed to Comments
Statement of Basis and Purpose
Pursuant to § 282 of Article 7-C of the MDL (“Loft Law”), the Loft Board may promulgate rules to ensure compliance with the Loft Law.
In the 2010 amendments to the Loft Law, the New York State Legislature specified that the deadline for seeking coverage by owners and tenants under the Loft Law would be six months from the date the Loft Board adopted the rules necessary to implement the 2010 amendments to its rules. This rule constitutes the final rule necessary to implement the 2010 amendments. Therefore, the deadline for coverage will be six months from the effective date of this rule.
Accordingly, the proposed changes to Loft Board § 1-06.1 are as follows:
· A tenant coverage application or the initial registration application form for coverage by a building owner must be filed on or before January 30, 2014, the date 6 months following the effective date of this rule.
Please note that in 2013, the Legislature further amended the Loft Law to expand the definition of an interim multiple dwelling (“IMD”) provided in MDL § 281(5) (effective June 1, 2012). The Legislature set new deadlines for this newest group of IMDs, including a new code compliance timetable. Many of these deadlines, which are covered in other Loft Board rules, are triggered by the effective date of this rule.