Bill Title: Establishes a reverse loan mortgage loan program for seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counseling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

Spectrum: Moderate Partisan Bill (Democrat 7-2)

Status: (Introduced) 2024-01-03 - referred to housing [A01582 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-01-17	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York A01582

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York A01582 currently on file.

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