Comments: NY S01246 | 2019-2020 | General Assembly

Bill 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO AGING [S01246 Detail]

Text: Latest bill text (Introduced) [HTML]

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