New York Assembly Bill 5628 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 30-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2020-01-14 - reported referred to codes
Pending: Assembly Codes Committee
Text: Latest bill text (Amended) [HTML]

Provides for the establishment of the New York state home equity conversion information summary to provide notice of mortgagor's rights and responsibilities under reverse mortgage loans issued under the home equity conversion mortgage program of the federal Department of Housing and Urban Development; provides that every authorized lender must provide copies of such summary not less than 5 days prior to closing on a reverse mortgage loan; establishes a private right of action for violations of such provisions.

Provides for the establishment of the New York state home equity conversion information summary to provide notice of mortgagor's rights and responsibilities under reverse mortgage loans issued under the home equity conversion mortgage program of the federal Department of Housing and Urban Development; provides that every authorized lender must provide copies of such summary not less than 5 days prior to closing on a reverse mortgage loan; establishes a private right of action for violations of such provisions.

Asm. Helene Weinstein [D]	Asm. Walter Mosley [D]	Asm. Ellen Jaffee [D]	Asm. Peter Abbate [D]
Asm. William Colton [D]	Asm. Steven Cymbrowitz [D]	Asm. Sandra Galef [D]	Asm. Kenneth Zebrowski [D]
Asm. Latoya Joyner [D]	Asm. Felix Ortiz [D]	Asm. Deborah Glick [D]	Asm. Jeffrey Dinowitz [D]
Asm. Robert Carroll [D]	Asm. Anthony D'Urso [D]	Asm. Phillip Steck [D]	Asm. Alicia Hyndman [D]
Asm. Diane Richardson [D]	Asm. Jeffrion Aubry [D]	Asm. David Weprin [D]	Asm. Rebecca Seawright [D]
Asm. Thomas Abinanti [D]	Asm. Kevin Cahill [D]	Asm. Patrick Burke [D]	Asm. Alfred Taylor [D]
Asm. Charles Lavine [D]	Asm. Vivian Cook [D]	Asm. Steven Englebright [D]	Asm. Catherine Nolan [D]
Asm. Jo Simon [D]	Asm. Fred Thiele [D]

2020-01-14 - Assembly - Assembly Judiciary Committee: Favorable refer to committee Codes (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-14 - Assembly - Assembly Judiciary Committee: Favorable refer to committee Codes (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2020-01-14	Assembly	reported referred to codes
2020-01-08	Assembly	referred to judiciary
2019-03-28	Assembly	print number 5628a
2019-03-28	Assembly	amend and recommit to judiciary
2019-02-14	Assembly	referred to judiciary

S02373 (Same As) 2020-01-08 - REFERRED TO AGING

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/A5628
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A05628&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05628
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A05628&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05628A
Roll Call	https://assembly.state.ny.us/leg/?default_fld=&bn=A05628&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#AC1
Roll Call	https://assembly.state.ny.us/leg/?default_fld=&bn=A05628&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#AC2