NY S05551 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 15 2009 - 25% progression, died in chamber
Action: 2009-09-16 - signed chap.432
Status: Introduced on May 15 2009 - 25% progression, died in chamber
Action: 2009-09-16 - signed chap.432
Summary
Provides that the term "mortgage" shall also include a loan owed to a bank secured by a second lien on a fee simple or leasehold estate in real property located in the state and improved by a residential structure, whether or not insured or guaranteed by the United States of America or any agency thereof, provided, however, that such second lien secures a loan purchased by the agency and is made at the same time as a first lien securing a loan purchased by the agency.
Title
Provides that the term "mortgage" shall also include a loan owed to a bank secured by a second lien on a fee simple or leasehold estate in real property located in the state and improved by a residential structure, whether or not insured or guaranteed by the United States of America or any agency thereof, provided, however, that such second lien secures a loan purchased by the agency and is made at the same time as a first lien securing a loan purchased by the agency.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-07-16 | SUBSTITUTED BY A5753 | |
| 2009-06-08 | ADVANCED TO THIRD READING | |
| 2009-06-04 | 2ND REPORT CAL. | |
| 2009-06-03 | 1ST REPORT CAL.624 | |
| 2009-05-15 | REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS |
Same As/Similar To
A05753 (Same As) 2009-09-16 - signed chap.432
New York State Sources
| Type | Source |
|---|---|
| Summary | https://assembly.state.ny.us/leg/?default_fld=&bn=S05551&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y |
