Bill Sponsors: NY S02758 | 2017-2018 | 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) 2018-06-20 - COMMITTED TO RULES [S02758 Detail]

Text: Latest bill text (Amended) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator Susan Serino [R]PrimarySponsored BillsSD-041FollowTheMoneyBallotpediaVoteSmart

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