NY A01856 | 2015-2016 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2016-01-06 - referred to judiciary
Pending: Assembly Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2016-01-06 - referred to judiciary
Pending: Assembly Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that a lender providing a reverse mortgage to a person who is 60 years of age or older may receive not more than 20% of the future appreciation of property secured by the mortgage as consideration for providing such reverse mortgage.
Title
Provides that a lender providing a reverse mortgage to a person who is 60 years of age or older may receive not more than 20% of the future appreciation of property secured by the mortgage as consideration for providing such reverse mortgage.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-06 | Assembly | referred to judiciary |
| 2015-01-13 | Assembly | referred to judiciary |
Same As/Similar To
S00864 (Same As) 2016-01-06 - REFERRED TO AGING
