NY S00864 | 2015-2016 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 7 2015 - 25% progression, died in committee
Action: 2016-01-06 - REFERRED TO AGING
Pending: Senate Aging Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 7 2015 - 25% progression, died in committee
Action: 2016-01-06 - REFERRED TO AGING
Pending: Senate Aging 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 | Senate | REFERRED TO AGING |
| 2015-01-07 | Senate | REFERRED TO AGING |
Same As/Similar To
A01856 (Same As) 2016-01-06 - referred to judiciary
