NY A06883 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 25 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to judiciary
Pending: Assembly Judiciary Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Adds new conditions on authorized lenders of reverse mortgages including: delivery of a plain language notice, providing the borrower with a reverse mortgage worksheet guide and counseling, and a lapse of seven days between the reverse mortgage counseling and acceptance of the borrower's final application.

Tracking Information

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Title

Adds new conditions on authorized lenders of reverse mortgages including: delivery of a plain language notice, providing the borrower with a reverse mortgage worksheet guide and counseling, and a lapse of seven days between the reverse mortgage counseling and acceptance of the borrower's final application.

Sponsors


History

DateChamberAction
2020-01-08Assemblyreferred to judiciary
2019-03-25Assemblyreferred to judiciary

Same As/Similar To

S01246 (Same As) 2020-01-08 - REFERRED TO AGING

New York State Sources


Bill Comments

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