NY S02944 | 2021-2022 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 26 2021 - 25% progression, died in committee
Action: 2022-01-05 - REFERRED TO AGING
Pending: Senate Aging Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 26 2021 - 25% progression, died in committee
Action: 2022-01-05 - REFERRED TO AGING
Pending: Senate Aging Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Adds new conditions on authorized lenders of reverse mortgages including: delivery of a plain language notice, providing the borrower with a reverse mortgage worksheet guide and counseling, and a lapse of seven days between the reverse mortgage counseling and acceptance of the borrower's final application.
Title
Adds new conditions on authorized lenders of reverse mortgages including: delivery of a plain language notice, providing the borrower with a reverse mortgage worksheet guide and counseling, and a lapse of seven days between the reverse mortgage counseling and acceptance of the borrower's final application.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-05 | Senate | REFERRED TO AGING |
| 2021-01-26 | Senate | REFERRED TO AGING |
