New York Assembly Bill 1907 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: Introduced on January 17 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to housing
Pending: Assembly Housing Committee
Text: Latest bill text (Introduced) [HTML]

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; further provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counselling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

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; further provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counselling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

Asm. Jo Simon [D]	Asm. Ellen Jaffee [D]	Asm. Vivian Cook [D]	Asm. Anthony D'Urso [D]
Asm. Victor Pichardo [D]	Asm. Michael Blake [D]	Asm. Walter Mosley [D]	Asm. Alicia Hyndman [D]
Asm. William Colton [D]	Asm. Jaime Williams [D]	Asm. Karines Reyes [D]	Asm. Carmen Arroyo [D]
Asm. Brian Barnwell [D]	Asm. Judy Griffin [D]	Sen. Daniel Stec [R]

Date	Chamber	Action
2020-01-08	Assembly	referred to housing
2019-01-17	Assembly	referred to housing

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/A1907
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A01907&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01907