A 1582

  • New York Assembly Bill
  • 2023 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Establishes a reverse mortgage loan program for seniors and requires counselling

Abstract

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.

Bill Sponsors (6)

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Actions


Jan 03, 2024

Assembly

REFERRED TO HOUSING

Jan 17, 2023

Assembly

REFERRED TO HOUSING

Bill Text

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