New York Senate Bill 2373 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO AGING
Pending: Senate Aging Committee
Text: Latest bill text (Introduced) [HTML]

Provides for the establishment of the New York state home equity conversion information summary to provide notice of mortgagor's right and responsibilities under reverse mortgage loans issued under the home equity conversion mortgage program of the federal Department of Housing and Urban Development; provides that every authorized lender must provide copies of such summary not less than 5 days prior to closing on a reverse mortgage loan; establishes a private right of action for violations of such provisions.

Provides for the establishment of the New York state home equity conversion information summary to provide notice of mortgagor's right and responsibilities under reverse mortgage loans issued under the home equity conversion mortgage program of the federal Department of Housing and Urban Development; provides that every authorized lender must provide copies of such summary not less than 5 days prior to closing on a reverse mortgage loan; establishes a private right of action for violations of such provisions.

Sen. David Carlucci [D]

Sen. Luis Sepulveda [D]

2019-02-12 - Senate - Senate Aging Committee Vote (Y: 6 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2020-01-08	Senate	REFERRED TO AGING
2019-02-12	Senate	REPORTED AND COMMITTED TO FINANCE
2019-01-24	Senate	REFERRED TO AGING

A05628 (Same As) 2020-01-14 - reported referred to codes

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/S2373
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S02373&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02373
Roll Call	https://www.nysenate.gov/legislation/bills/2019/S2373#SC1