NY S06173 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 21 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
Pending: Senate Corporations, Authorities and Commissions Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Grants the state of New York mortgage agency authority to purchase mortgage loans from a broader pool of non-depository lenders, purchase mortgages secured by new construction loans, originate mortgage loans, originate chattel loans, sell its mortgages at private sales, and modify its mortgages to assist financially distressed homeowners.

Tracking Information

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Title

Grants the state of New York mortgage agency authority to purchase mortgage loans from a broader pool of non-depository lenders, purchase mortgages secured by new construction loans, originate mortgage loans, originate chattel loans, sell its mortgages at private sales, and modify its mortgages to assist financially distressed homeowners.

Sponsors


History

DateChamberAction
2020-01-08SenateREFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
2019-05-21SenateREFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Same As/Similar To

A08426 (Same As) 2020-01-08 - referred to housing

New York State Sources


Bill Comments

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