Bill Title: Requires an authorized lender which seeks to foreclose upon a reverse mortgage issued under the federal home equity conversion mortgage program to provide notice thereof to the department of financial services and to the mortgagor; directs such department to provide notice to the mortgagor of legal service organizations which may assist them with the default or foreclosure; prohibits authorized lenders from making advance payment of debts upon the mortgaged real property.

Spectrum: Partisan Bill (Democrat 32-0)

Status: (Passed) 2020-12-15 - APPROVAL MEMO.43 [A05627 Detail]

Text: Latest bill text (Introduced) [HTML]

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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Assembly	Assembly Rules Committee: Favorable	2020-07-21	19	7	0	4	30	Passed	Link	View
Assembly	Assembly Codes Committee: Favorable refer to committee Rules	2020-07-17	15	6	0	1	22	Passed	Link	View
Assembly	Assembly Judiciary Committee: Favorable refer to committee Codes	2020-07-14	15	6	0	0	21	Passed	Link	View
Senate	Senate Floor Vote - Final Passage	2020-01-29	56	2	0	4	62	Passed	Link	View
Senate	Senate Aging Committee Vote	2020-01-22	7	0	0	0	7	Passed	Link	View
Senate	Senate Floor Vote - Final Passage	2019-05-21	58	3	0	1	62	Passed	Link	View
Senate	Senate Aging Committee Vote	2019-05-14	7	0	0	0	7	Passed	Link	View

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