NY A05302 | 2011-2012 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 15 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 15 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to banks
Pending: Assembly Banks Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Requires mortgagee banks to provide written notice to mortgagor when such mortgagor is no longer required to maintain personal mortgage insurance coverage; provides such notice shall be delivered to the mortgagor within thirty days of the date upon which the mortgagor shall have acquired sufficient equity in real property subject to the mortgage so as to eliminate the necessity for personal mortgage insurance.
Title
Requires mortgagee banks to provide written notice to mortgagor when such mortgagor is no longer required to maintain personal mortgage insurance coverage; provides such notice shall be delivered to the mortgagor within thirty days of the date upon which the mortgagor shall have acquired sufficient equity in real property subject to the mortgage so as to eliminate the necessity for personal mortgage insurance.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-04 | Assembly | referred to banks |
| 2011-02-15 | Assembly | referred to banks |
