•  Summary 
  •  
  •  Actions 
  •  
  •  Committee Votes 
  •  
  •  Floor Votes 
  •  
  •  Memo 
  •  
  •  Text 
  •  
  •  LFIN 
  •  
  •  Chamber Video/Transcript 

A01582 Summary:

BILL NOA01582
 
SAME ASNo Same As
 
SPONSORSimon (MS)
 
COSPNSRWilliams, Colton, Ardila, DeStefano, Giglio JM
 
MLTSPNSRCook, Hyndman, Reyes
 
Add §2405-g, Pub Auth L
 
Establishes a reverse loan mortgage loan program for seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counseling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.
Go to top