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S 2944

  • New York Senate Bill
  • 2021 Regular Session
  • Introduced in Senate
  • Senate
  • Assembly
  • Governor

Relates to enacting additional conditions on authorized lenders of reverse mortgages

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Abstract

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.

Bill Sponsors (1)

Sue Serino

  • Republican
Primary

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Actions

Jan 05, 2022

Senate

REFERRED TO AGING

Jan 26, 2021

Senate

REFERRED TO AGING

Bill Text

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Sources

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