Assembly Bill A257D

2009-2010 Legislative Session

Requires mortgage lenders and brokers to provide consumer with mortgage bill of rights pamphlet which must be signed by the consumer prior to mortgage application

download bill text pdf

Archive: Last Bill Status - Stricken

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 23, 2010	enacting clause stricken recommitted to ways and means
Jan 25, 2010	amended on third reading 257d
Jan 12, 2010	amended on third reading 257c
Jan 06, 2010	ordered to third reading cal.13 returned to assembly died in senate
May 06, 2009	referred to codes delivered to senate passed assembly
Apr 09, 2009	advanced to third reading cal.294
Apr 06, 2009	reported
Mar 25, 2009	print number 257b
Mar 25, 2009	amend and recommit to ways and means
Mar 17, 2009	reported referred to ways and means
Mar 03, 2009	print number 257a
Mar 03, 2009	amend and recommit to banks
Jan 07, 2009	referred to banks

Bill Amendments

Original

D (Active)

2009-A257 - Details

See Senate Version of this Bill:: S6668
Law Section:: Banking Law
Laws Affected:: Add §35, Bank L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A1365
2013-2014: A7281, A5330
2015-2016: A2536, A2493
2017-2018: A3435, A5372
2019-2020: A2141
2021-2022: A3379

2009-A257 - Summary

Requires mortgage lenders and brokers to provide consumers with a mortgage bill of rights pamphlet which must be read and signed by the consumer prior to applying for a mortgage.

2009-A257 - Sponsor Memo

2009-A257 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   257

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M.  of A. PERALTA, ESPAILLAT, ALFANO, P. RIVERA, REILLY,
  ZEBROWSKI, COLTON,  GREENE,  BOYLAND,  SPANO,  KELLNER,  ROSENTHAL  --
  Multi-Sponsored  by  --  M. of A.   FARRELL, GORDON, GUNTHER, HEASTIE,
  V. LOPEZ, PHEFFER, WALKER, WEINSTEIN,  WEISENBERG  --  read  once  and
  referred to the Committee on Banks

AN ACT to amend the banking law, in relation to directing licensed mort-
  gage bankers and authorized mortgage loan originators to provide mort-
  gage applicants with a mortgage bill of rights pamphlet on residential
  mortgages

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The banking law is amended by adding a new  section  35  to
read as follows:
  S  35.  INFORMATION  PAMPHLET FOR RESIDENTIAL MORTGAGE APPLICANTS.  1.
THE SUPERINTENDENT OF BANKS SHALL DEVELOP A PAMPHLET KNOWN AS "THE MORT-
GAGE APPLICANT'S BILL OF RIGHTS" AND POST SUCH PAMPHLET ON  THE  BANKING
DEPARTMENT'S  WEBSITE.  COPIES OF SUCH PAMPHLET SHALL BE PROVIDED TO ALL
LICENSED LENDERS AND BANKING ORGANIZATIONS OFFERING RESIDENTIAL MORTGAGE
SERVICES.  A COPY OF SUCH PAMPHLET SHALL BE PROVIDED BY LICENSED LENDERS
AND BANKING ORGANIZATION TO EACH PERSON BEFORE SUCH PERSON  ENTERS  INTO
AN  APPLICATION  FOR  A LOAN SECURED BY A MORTGAGE UPON RESIDENTIAL REAL
ESTATE. FURTHERMORE, SUCH LICENSED LENDER AND BANKING ORGANIZATION SHALL
NOT ACCEPT AN APPLICATION FOR A RESIDENTIAL MORTGAGE UNTIL THE PERSON OR
PERSONS APPLYING FOR A MORTGAGE HAVE BEEN PROVIDED A COPY OF THE BOOKLET
AND ACKNOWLEDGED RECEIPT OF IT IN WRITING.  EVERY  LICENSED  LENDER  AND
BANKING  ORGANIZATION SHALL MAINTAIN SUCH ACKNOWLEDGEMENT ALONG WITH THE
APPLICANT'S MORTGAGE LOAN DOCUMENTS.
  2. THE PAMPHLET AND WEBSITE NOTICE DEVELOPED PURSUANT TO THIS  SECTION
SHALL  INCLUDE  THE FOLLOWING, ALONG WITH OTHER INFORMATION ADDED IN THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00046-01-9

A. 257                              2

DISCRETION OF THE SUPERINTENDENT NOT  OTHERWISE  INCONSISTENT  WITH  THE
INFORMATION SET FORTH IN THE PAMPHLET:
  "BILL OF RIGHTS FOR RESIDENTIAL MORTGAGE APPLICANTS
AS AN APPLICANT FOR A RESIDENTIAL MORTGAGE YOU HAVE THE RIGHT TO:
  1.  COMPARE  THE  CHARGES OF DIFFERENT MORTGAGE BROKERS AND LENDERS TO
OBTAIN THE BEST LOAN PEOPLE.
  2. IF USING A MORTGAGE BROKER, ASK YOUR BROKER TO EXPLAIN EXACTLY WHAT
THE BROKER WILL DO FOR YOU.
  3. ASK ANY AND ALL QUESTIONS REASONABLY RELATED TO  THE  LOAN  PROCESS
AND RECEIVE A PROMPT AND CLEAR RESPONSE TO YOUR QUESTIONS.
  4. RECEIVE A CLEAR ANSWER ABOUT THE FACTORS USED TO DETERMINE THE RATE
OF INTEREST AND MONTHLY PAYMENT AMOUNT OF YOUR MORTGAGE LOAN.
  5.  BE  REPRESENTED  BY AN ATTORNEY OF YOUR CHOICE WHO REPRESENTS ONLY
YOU AND NO ONE ELSE ASSOCIATED WITH YOUR TRANSACTION.
  6. OBTAIN CREDIT COUNSELING BEFORE CLOSING A LOAN.
  7. KNOW IF THE LOAN BEING OFFERED IS A FIXED OR ADJUSTABLE RATE  MORT-
GAGE  LOAN AND THE EXACT AMOUNT OF YOUR MONTHLY LOAN PAYMENTS, INCLUDING
ANY PROJECT ESCROW PAYMENTS.
  8. NOT BE SUBJECT TO DECEPTIVE MARKETING PRACTICES,  MANIPULATION  AND
PRESSURE TACTICS.
  9.  HAVE  YOUR  INCOME  HONESTLY  EVALUATED BEFORE CLOSING THE LOAN TO
DETERMINE IF YOU CAN AFFORD TO PURCHASE YOUR SELECTED PROPERTY.
  10. RECEIVE IN WRITING  THE  REASON  FOR  THE  DENIAL  OR  CONDITIONAL
APPROVAL OF YOUR LOAN APPLICATION.
  11.  HAVE  YOUR  PROPERTY APPRAISED BY AN INDEPENDENT LICENSED PROFES-
SIONAL AND TO RECEIVE A COPY OF THE APPRAISAL.
  12. ASK FOR A GOOD FAITH ESTIMATE OF ALL LOAN AND  SETTLEMENT  CHARGES
BEFORE YOU AGREE TO THE LOAN AND PAY ANY FEES AND KNOW EXACTLY THE TOTAL
COST OF YOUR LOAN INCLUDING INTEREST RATE, POINTS AND OTHER FEES.
  13.  KNOW  HOW  MUCH THE MORTGAGE BROKER IS PAID BY YOU AND THE LENDER
FOR YOUR LOAN.
  14. RECEIVE THE FOLLOWING  DOCUMENTS,  AND  EVERY  DOCUMENT  OTHERWISE
REQUIRED  TO BE GIVEN TO YOU AT CLOSING UNDER FEDERAL AND NEW YORK STATE
LAW:
  A. GOOD FAITH ESTIMATE
  B. TRUTH IN LENDING
  C. HUD-1 STATEMENT
  15. ASK FOR THE HUD SETTLEMENT COSTS BOOKLET, "BUYING YOUR HOME".
  16. DECLINE A LOAN THAT IS NOT SUITABLE.
  17. CANCEL A LOAN WITHIN THREE DAYS OF THE CLOSING BY PROVIDING  WRIT-
TEN  NOTIFICATION  OF  CANCELLATION  TO  THE  LICENSED LENDER OR BANKING
INSTITUTION.
  18. KNOW WHAT FEES ARE NOT REFUNDABLE IF YOU DECIDE TO CANCEL THE LOAN
AGREEMENT.
  19. REVIVE THE HUD-1 DOCUMENT ONE DAY BEFORE THE CLOSING TAKES PLACE.
  20. HAVE ALL DISPUTES  THAT  ARISE  DURING  THE  LOAN  PROCESS  FAIRLY
RESOLVED.
  21.  A  CREDIT  DECISION  THAT  IS  NOT  BASED  UPON YOUR RACE, COLOR,
NATIONAL ORIGIN, RELIGION, SEX, FAMILY  STATUS,  SEXUAL  ORIENTATION  OR
DISABILITY.
  22. FILE A COMPLAINT WITH THE NEW YORK STATE BANKING DEPARTMENT IF YOU
BELIEVE THAT A MORTGAGE BROKER OR ANY OTHER ENTITY LICENSED BY THE BANK-
ING  DEPARTMENT HAS VIOLATED ANY RULES, REGULATIONS OR LAWS WHICH GOVERN
HIS OR HER CONDUCT IN WORKING WITH YOU TO  GET  OR  PROCESS  A  MORTGAGE
LOAN.

A. 257                              3

  23.  FILE  A  COMPLIANT WITH THE NEW YORK STATE DEPARTMENT OF STATE IF
YOU BELIEVE THAT A REAL ESTATE BROKER  HAS  VIOLATED  ANY  RULES,  REGU-
LATIONS  OR  LAW WHICH GOVERNS HIS OR HER CONDUCT IN WORKING WITH YOU TO
PURCHASE A HOME."
  S 2. This act shall take effect on the one hundred eightieth day after
it  shall  have  become a law; provided that, effective immediately, any
and all actions necessary to implement the provisions of this act on its
effective date are authorized and directed to be completed on or  before
such date.

2009-A257A - Details

See Senate Version of this Bill:: S6668
Law Section:: Banking Law
Laws Affected:: Add §35, Bank L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A1365
2013-2014: A7281, A5330
2015-2016: A2536, A2493
2017-2018: A3435, A5372
2019-2020: A2141
2021-2022: A3379

2009-A257A - Summary

Requires mortgage lenders and brokers to provide consumers with a mortgage bill of rights pamphlet which must be read and signed by the consumer prior to applying for a mortgage.

2009-A257A - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 257--A

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M.  of A. PERALTA, ESPAILLAT, ALFANO, P. RIVERA, REILLY,
  ZEBROWSKI, COLTON,  GREENE,  BOYLAND,  SPANO,  KELLNER,  ROSENTHAL  --
  Multi-Sponsored  by  --  M.  of  A. FARRELL, GORDON, GUNTHER, HEASTIE,
  V. LOPEZ, PHEFFER, QUINN, SALADINO,  SCARBOROUGH,  WALKER,  WEINSTEIN,
  WEISENBERG  --  read  once  and  referred to the Committee on Banks --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN ACT to amend the banking law, in relation to directing licensed mort-
  gage bankers and authorized mortgage loan originators to provide mort-
  gage applicants with a mortgage bill of rights pamphlet on residential
  mortgages

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The banking law is amended by adding a new  section  35  to
read as follows:
  S  35.  INFORMATION  PAMPHLET FOR RESIDENTIAL MORTGAGE APPLICANTS.  1.
THE SUPERINTENDENT OF BANKS SHALL DEVELOP A PAMPHLET KNOWN AS "THE MORT-
GAGE APPLICANT'S BILL OF RIGHTS" AND POST SUCH PAMPHLET ON  THE  BANKING
DEPARTMENT'S  WEBSITE.  COPIES OF SUCH PAMPHLET SHALL BE PROVIDED TO ALL
LICENSED LENDERS AND BANKING ORGANIZATIONS OFFERING RESIDENTIAL MORTGAGE
SERVICES.  A COPY OF SUCH PAMPHLET SHALL BE PROVIDED BY LICENSED LENDERS
AND BANKING ORGANIZATIONS TO EACH PERSON BEFORE SUCH PERSON ENTERS  INTO
AN  APPLICATION  FOR  A LOAN SECURED BY A MORTGAGE UPON RESIDENTIAL REAL
ESTATE. FURTHERMORE, SUCH LICENSED LENDER AND BANKING ORGANIZATION SHALL
NOT ACCEPT AN APPLICATION FOR A RESIDENTIAL MORTGAGE UNTIL THE PERSON OR
PERSONS APPLYING FOR A MORTGAGE HAVE BEEN PROVIDED A COPY OF THE BOOKLET
AND ACKNOWLEDGED RECEIPT OF IT IN WRITING.  EVERY  LICENSED  LENDER  AND
BANKING  ORGANIZATION SHALL MAINTAIN SUCH ACKNOWLEDGEMENT ALONG WITH THE
APPLICANT'S MORTGAGE LOAN DOCUMENTS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00046-04-9

A. 257--A                           2

  2. THE PAMPHLET AND WEBSITE NOTICE DEVELOPED PURSUANT TO THIS  SECTION
SHALL  INCLUDE  THE FOLLOWING, ALONG WITH OTHER INFORMATION ADDED AT THE
DISCRETION OF THE SUPERINTENDENT NOT  OTHERWISE  INCONSISTENT  WITH  THE
INFORMATION SET FORTH IN THE PAMPHLET:
  "BILL OF RIGHTS FOR RESIDENTIAL MORTGAGE APPLICANTS
AS AN APPLICANT FOR A RESIDENTIAL MORTGAGE YOU HAVE THE RIGHT TO:
  1.  COMPARE  THE  CHARGES OF DIFFERENT MORTGAGE BROKERS AND LENDERS TO
OBTAIN THE BEST LOAN POSSIBLE.
  2. ASK YOUR MORTGAGE BROKER TO EXPLAIN  HIS  OR  HER  RESPONSIBILITIES
WITHIN THE MORTGAGE LENDING PROCESS.
  3.  KNOW  HOW  MUCH  THE MORTGAGE BROKER IS COMPENSATED BY YOU AND THE
LENDER FOR YOUR LOAN.
  4. A CLEAR AND TRUTHFUL EXPLANATION OF THE TERMS AND CONDITIONS OF THE
LOAN.
  5. KNOW IF THE LOAN BEING OFFERED IS A FIXED OR ADJUSTABLE RATE  MORT-
GAGE  LOAN, KNOW THE EXACT AMOUNT OF YOUR MONTHLY LOAN PAYMENTS, INCLUD-
ING ANY PROJECTED ESCROW PAYMENTS, KNOW THE FINAL ANNUAL PERCENTAGE RATE
(APR) AND THE AMOUNT OF REGULAR PAYMENTS AT THE LOAN'S CLOSING.
  6. ASK FOR A GOOD FAITH ESTIMATE OF ALL LOAN  AND  SETTLEMENT  CHARGES
BEFORE  YOU AGREE TO THE LOAN AND PAY ANY FEES, SUCH AS LOAN APPLICATION
FEES, TITLE SEARCH AND INSURANCE FEES, LENDER'S ATTORNEY FEES,  PROPERTY
APPRAISAL  CHARGES,  INSPECTIONS,  RECORDING FEES, TRANSFER TAXES, POINT
AND ORIGINATION FEES, AND ESCROW ACCOUNT BALANCES.
  7. HAVE YOUR LENDER CONSIDER YOUR ABILITY TO  REPAY  THE  LOAN  BEFORE
SUCH CREDIT IS EXTENDED.
  8. OBTAIN CREDIT COUNSELING BEFORE CLOSING A LOAN.
  9. DECIDE WHETHER OR NOT TO FINANCE ANY PORTION OF THE POINTS OR FEES.
  10. REFUSE TO PURCHASE CREDIT INSURANCE FOR ANY MORTGAGE LOAN.
  11.  HAVE  YOUR  PROPERTY APPRAISED BY AN INDEPENDENT LICENSED PROFES-
SIONAL AND TO RECEIVE A COPY OF THE APPRAISAL.
  12. NOT BE SUBJECT TO DECEPTIVE MARKETING PRACTICES.
  13. ASK FOR THE HUD SETTLEMENT COSTS BOOKLET, "BUYING YOUR HOME".
  14. RECEIVE THE FOLLOWING  DOCUMENTS,  AND  EVERY  DOCUMENT  OTHERWISE
REQUIRED  TO BE GIVEN TO YOU AT CLOSING UNDER FEDERAL AND NEW YORK STATE
LAW:
  A. GOOD FAITH ESTIMATE
  B. TRUTH IN LENDING
  C. HUD-1 STATEMENT
  15. KNOW WHAT FEES ARE NOT REFUNDABLE IF YOU DECIDE TO CANCEL THE LOAN
AGREEMENT.
  16. RECEIVE IN WRITING  THE  REASON  FOR  THE  DENIAL  OR  CONDITIONAL
APPROVAL OF YOUR LOAN APPLICATION.
  17.  IF  REFINANCING,  YOU  MAY CANCEL A LOAN WITHIN THREE DAYS OF THE
CLOSING  BY  PROVIDING  WRITTEN  NOTIFICATION  OF  CANCELLATION  TO  THE
LICENSED LENDER OR BANKING INSTITUTION.
  18. RECEIVE THE HUD-1 DOCUMENT ONE DAY BEFORE THE CLOSING TAKES PLACE.
  19. HAVE ANY LENDING DISPUTES RESOLVED IN A FAIR AND EQUITABLE MANNER.
  20.  A  CREDIT  DECISION  THAT  IS  NOT  BASED  UPON YOUR RACE, COLOR,
NATIONAL ORIGIN, RELIGION, SEX, FAMILY STATUS, SEXUAL ORIENTATION, DISA-
BILITY OR WHETHER ANY INCOME IS FROM PUBLIC ASSISTANCE.
  21. FILE A COMPLAINT WITH THE NEW YORK STATE BANKING DEPARTMENT IF YOU
BELIEVE THAT A MORTGAGE BROKER OR ANY OTHER ENTITY LICENSED BY THE BANK-
ING DEPARTMENT HAS VIOLATED ANY RULES, REGULATIONS OR LAWS WHICH  GOVERN
HIS  OR  HER  CONDUCT  IN  WORKING WITH YOU TO GET OR PROCESS A MORTGAGE
LOAN.

A. 257--A                           3

  22. FILE A COMPLAINT WITH THE NEW YORK STATE DEPARTMENT  OF  STATE  IF
YOU  BELIEVE  THAT  A  REAL  ESTATE BROKER HAS VIOLATED ANY RULES, REGU-
LATIONS OR LAW WHICH GOVERNS HIS OR HER CONDUCT IN WORKING WITH  YOU  TO
PURCHASE A HOME."
  S 2. This act shall take effect on the one hundred eightieth day after
it  shall  have  become a law; provided that, effective immediately, any
and all actions necessary to implement the provisions of this act on its
effective date are authorized and directed to be completed on or  before
such date.

co-Sponsors

View additional co-sponsors

multi-Sponsors

View additional multi-sponsors

2009-A257B - Details

See Senate Version of this Bill:: S6668
Law Section:: Banking Law
Laws Affected:: Add §35, Bank L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A1365
2013-2014: A7281, A5330
2015-2016: A2536, A2493
2017-2018: A3435, A5372
2019-2020: A2141
2021-2022: A3379

2009-A257B - Summary

Requires mortgage lenders and brokers to provide consumers with a mortgage bill of rights pamphlet which must be read and signed by the consumer prior to applying for a mortgage.

2009-A257B - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 257--B

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M.  of A. PERALTA, ESPAILLAT, ALFANO, P. RIVERA, REILLY,
  ZEBROWSKI, COLTON, BOYLAND, SPANO,  KELLNER,  ROSENTHAL,  BENJAMIN  --
  Multi-Sponsored  by  --  M.  of  A. FARRELL, GORDON, GUNTHER, HEASTIE,
  V. LOPEZ, PHEFFER, QUINN, SALADINO, SCARBOROUGH, WEINSTEIN, WEISENBERG
  -- read once and referred to  the  Committee  on  Banks  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended and recommitted to said committee

AN ACT to amend the banking law, in relation to directing licensed mort-
  gage bankers and authorized mortgage loan originators to provide mort-
  gage applicants with a mortgage bill of rights pamphlet on residential
  mortgages

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The banking law is amended by adding a new  section  35  to
read as follows:
  S  35.  INFORMATION  PAMPHLET FOR RESIDENTIAL MORTGAGE APPLICANTS.  1.
THE SUPERINTENDENT OF BANKS SHALL DEVELOP A PAMPHLET KNOWN AS "THE MORT-
GAGE APPLICANT'S BILL OF RIGHTS" AND POST SUCH PAMPHLET ON  THE  BANKING
DEPARTMENT'S  WEBSITE.  COPIES OF SUCH PAMPHLET SHALL BE PROVIDED TO ALL
LICENSED LENDERS AND BANKING ORGANIZATIONS OFFERING RESIDENTIAL MORTGAGE
SERVICES.  A COPY OF SUCH PAMPHLET SHALL BE PROVIDED BY LICENSED LENDERS
AND BANKING ORGANIZATIONS TO EACH PERSON BEFORE SUCH PERSON ENTERS  INTO
AN  APPLICATION  FOR  A LOAN SECURED BY A MORTGAGE UPON RESIDENTIAL REAL
ESTATE. FURTHERMORE, SUCH LICENSED LENDER AND BANKING ORGANIZATION SHALL
NOT ACCEPT AN APPLICATION FOR A RESIDENTIAL MORTGAGE UNTIL THE PERSON OR
PERSONS APPLYING FOR A MORTGAGE HAVE BEEN PROVIDED A COPY OF THE BOOKLET
AND ACKNOWLEDGED RECEIPT OF IT IN WRITING.  EVERY  LICENSED  LENDER  AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
A                                                          LBD00046-06-9

A. 257--B                           2

BANKING  ORGANIZATION SHALL MAINTAIN SUCH ACKNOWLEDGEMENT ALONG WITH THE
APPLICANT'S MORTGAGE LOAN DOCUMENTS.
  2.  THE PAMPHLET AND WEBSITE NOTICE DEVELOPED PURSUANT TO THIS SECTION
SHALL INCLUDE THE FOLLOWING, ALONG WITH OTHER INFORMATION ADDED  AT  THE
DISCRETION  OF  THE  SUPERINTENDENT  NOT OTHERWISE INCONSISTENT WITH THE
INFORMATION SET FORTH IN THE PAMPHLET:
  "BILL OF RIGHTS FOR RESIDENTIAL MORTGAGE APPLICANTS
AS AN APPLICANT FOR A RESIDENTIAL MORTGAGE YOU HAVE THE RIGHT TO:
  1. COMPARE THE CHARGES OF DIFFERENT MORTGAGE BROKERS  AND  LENDERS  TO
OBTAIN THE BEST LOAN POSSIBLE.
  2.  ASK  YOUR  MORTGAGE  BROKER TO EXPLAIN HIS OR HER RESPONSIBILITIES
WITHIN THE MORTGAGE LENDING PROCESS.
  3. KNOW HOW MUCH THE MORTGAGE BROKER IS COMPENSATED  BY  YOU  AND  THE
LENDER FOR YOUR LOAN.
  4. A CLEAR AND TRUTHFUL EXPLANATION OF THE TERMS AND CONDITIONS OF THE
LOAN.
  5.  KNOW IF THE LOAN BEING OFFERED IS A FIXED OR ADJUSTABLE RATE MORT-
GAGE LOAN, KNOW THE EXACT AMOUNT OF YOUR MONTHLY LOAN PAYMENTS,  INCLUD-
ING ANY PROJECTED ESCROW PAYMENTS, KNOW THE FINAL ANNUAL PERCENTAGE RATE
(APR) AND THE AMOUNT OF REGULAR PAYMENTS AT THE LOAN'S CLOSING.
  6.  ASK  FOR  A GOOD FAITH ESTIMATE OF ALL LOAN AND SETTLEMENT CHARGES
BEFORE YOU AGREE TO THE LOAN AND PAY ANY FEES, SUCH AS LOAN  APPLICATION
FEES,  TITLE SEARCH AND INSURANCE FEES, LENDER'S ATTORNEY FEES, PROPERTY
APPRAISAL CHARGES, INSPECTIONS, RECORDING FEES,  TRANSFER  TAXES,  POINT
AND ORIGINATION FEES, AND ESCROW ACCOUNT BALANCES.
  7. OBTAIN CREDIT COUNSELING BEFORE CLOSING A LOAN.
  8. DECIDE WHETHER OR NOT TO FINANCE ANY PORTION OF THE POINTS OR FEES.
  9. REFUSE TO PURCHASE CREDIT INSURANCE FOR ANY MORTGAGE LOAN.
  10.  HAVE  YOUR  PROPERTY APPRAISED BY AN INDEPENDENT LICENSED PROFES-
SIONAL AND TO RECEIVE A COPY OF THE APPRAISAL.
  11. NOT BE SUBJECT TO DECEPTIVE MARKETING PRACTICES.
  12. ASK FOR THE HUD SETTLEMENT COSTS BOOKLET, "BUYING YOUR HOME".
  13. RECEIVE THE FOLLOWING  DOCUMENTS,  AND  EVERY  DOCUMENT  OTHERWISE
REQUIRED  TO BE GIVEN TO YOU AT CLOSING UNDER FEDERAL AND NEW YORK STATE
LAW:
  A. GOOD FAITH ESTIMATE
  B. TRUTH IN LENDING
  C. HUD-1 STATEMENT
  14. KNOW WHAT FEES ARE NOT REFUNDABLE IF YOU DECIDE TO CANCEL THE LOAN
AGREEMENT.
  15. RECEIVE IN WRITING  THE  REASON  FOR  THE  DENIAL  OR  CONDITIONAL
APPROVAL OF YOUR LOAN APPLICATION.
  16.  IF  REFINANCING,  YOU  MAY CANCEL A LOAN WITHIN THREE DAYS OF THE
CLOSING  BY  PROVIDING  WRITTEN  NOTIFICATION  OF  CANCELLATION  TO  THE
LICENSED LENDER OR BANKING INSTITUTION.
  17. RECEIVE THE HUD-1 DOCUMENT ONE DAY BEFORE THE CLOSING TAKES PLACE.
  18. HAVE ANY LENDING DISPUTES RESOLVED IN A FAIR AND EQUITABLE MANNER.
  19.  A  CREDIT  DECISION  THAT  IS  NOT  BASED  UPON YOUR RACE, COLOR,
NATIONAL ORIGIN, RELIGION, SEX, FAMILY STATUS, SEXUAL ORIENTATION, DISA-
BILITY OR WHETHER ANY INCOME IS FROM PUBLIC ASSISTANCE.
  20. FILE A COMPLAINT WITH THE NEW YORK STATE BANKING DEPARTMENT IF YOU
BELIEVE THAT A MORTGAGE BROKER OR ANY OTHER ENTITY LICENSED BY THE BANK-
ING DEPARTMENT HAS VIOLATED ANY RULES, REGULATIONS OR LAWS WHICH  GOVERN
HIS  OR  HER  CONDUCT  IN  WORKING WITH YOU TO GET OR PROCESS A MORTGAGE
LOAN.

A. 257--B                           3

  21. FILE A COMPLAINT WITH THE NEW YORK STATE DEPARTMENT  OF  STATE  IF
YOU  BELIEVE  THAT  A  REAL  ESTATE BROKER HAS VIOLATED ANY RULES, REGU-
LATIONS OR LAW WHICH GOVERNS HIS OR HER CONDUCT IN WORKING WITH  YOU  TO
PURCHASE A HOME."
  S 2. This act shall take effect on the one hundred eightieth day after
it  shall  have  become a law; provided that, effective immediately, any
and all actions necessary to implement the provisions of this act on its
effective date are authorized and directed to be completed on or  before
such date.

co-Sponsors

View additional co-sponsors

multi-Sponsors

View additional multi-sponsors

2009-A257C - Details

See Senate Version of this Bill:: S6668
Law Section:: Banking Law
Laws Affected:: Add §35, Bank L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A1365
2013-2014: A7281, A5330
2015-2016: A2536, A2493
2017-2018: A3435, A5372
2019-2020: A2141
2021-2022: A3379

2009-A257C - Summary

Requires mortgage lenders and brokers to provide consumers with a mortgage bill of rights pamphlet which must be read and signed by the consumer prior to applying for a mortgage.

2009-A257C - Sponsor Memo

2009-A257C - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 257--C
                                                         Cal. No. 13

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M.  of A. PERALTA, ESPAILLAT, ALFANO, P. RIVERA, REILLY,
  ZEBROWSKI, COLTON, BOYLAND, SPANO,  KELLNER,  ROSENTHAL,  BENJAMIN  --
  Multi-Sponsored  by  --  M.  of  A. FARRELL, GORDON, GUNTHER, HEASTIE,
  V. LOPEZ, PHEFFER, QUINN, SALADINO, SCARBOROUGH, WEINSTEIN, WEISENBERG
  -- read once and referred to  the  Committee  on  Banks  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended  and recommitted to said committee -- reported from committee,
  advanced to a third reading, amended and ordered reprinted,  retaining
  its place on the order of third reading

AN ACT to amend the banking law, in relation to directing licensed mort-
  gage bankers and authorized mortgage loan originators to provide mort-
  gage applicants with a mortgage bill of rights pamphlet on residential
  mortgages

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The banking law is amended by adding a new  section  35  to
read as follows:
  S  35.  INFORMATION  PAMPHLET FOR RESIDENTIAL MORTGAGE APPLICANTS.  1.
THE SUPERINTENDENT OF BANKS SHALL DEVELOP A PAMPHLET KNOWN AS "THE MORT-
GAGE APPLICANT'S BILL OF RIGHTS" AND POST SUCH PAMPHLET ON  THE  BANKING
DEPARTMENT'S INTERNET WEBSITE. COPIES OF SUCH PAMPHLET SHALL BE PROVIDED
TO  ALL  LICENSED LENDERS AND BANKING ORGANIZATIONS OFFERING RESIDENTIAL
MORTGAGE SERVICES.   A COPY  OF  SUCH  PAMPHLET  SHALL  BE  PROVIDED  BY
LICENSED  LENDERS  AND  BANKING ORGANIZATIONS TO EACH PERSON BEFORE SUCH
PERSON ENTERS INTO AN APPLICATION FOR A LOAN SECURED BY A MORTGAGE  UPON
RESIDENTIAL REAL PROPERTY. FURTHERMORE, SUCH LICENSED LENDER AND BANKING
ORGANIZATION  SHALL NOT ACCEPT AN APPLICATION FOR A RESIDENTIAL MORTGAGE
UNTIL THE PERSON OR PERSONS APPLYING FOR A MORTGAGE HAVE BEEN PROVIDED A

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

                      [ ] is old law to be omitted.
                                                           LBD00046-08-9

A. 257--C                           2

COPY OF THE BOOKLET AND ACKNOWLEDGED RECEIPT OF  IT  IN  WRITING.  EVERY
LICENSED  LENDER  AND  BANKING ORGANIZATION SHALL MAINTAIN SUCH ACKNOWL-
EDGEMENT ALONG WITH THE APPLICANT'S MORTGAGE LOAN DOCUMENTS.
  2.  THE PAMPHLET AND WEBSITE NOTICE DEVELOPED PURSUANT TO THIS SECTION
SHALL INCLUDE THE FOLLOWING, ALONG WITH OTHER INFORMATION ADDED  AT  THE
DISCRETION  OF  THE  SUPERINTENDENT  NOT OTHERWISE INCONSISTENT WITH THE
INFORMATION SET FORTH IN THE PAMPHLET:
  "BILL OF RIGHTS FOR RESIDENTIAL MORTGAGE APPLICANTS
AS AN APPLICANT FOR A RESIDENTIAL MORTGAGE YOU HAVE THE RIGHT TO:
  1. COMPARE THE CHARGES OF DIFFERENT MORTGAGE BROKERS  AND  LENDERS  TO
OBTAIN THE BEST LOAN POSSIBLE.
  2.  ASK  YOUR  MORTGAGE  BROKER TO EXPLAIN HIS OR HER RESPONSIBILITIES
WITHIN THE MORTGAGE LENDING PROCESS.
  3. KNOW HOW MUCH THE MORTGAGE BROKER IS COMPENSATED  BY  YOU  AND  THE
LENDER FOR YOUR LOAN.
  4. A CLEAR AND TRUTHFUL EXPLANATION OF THE TERMS AND CONDITIONS OF THE
LOAN.
  5.  KNOW IF THE LOAN BEING OFFERED IS A FIXED OR ADJUSTABLE RATE MORT-
GAGE LOAN, KNOW THE EXACT AMOUNT OF YOUR MONTHLY LOAN PAYMENTS,  INCLUD-
ING ANY PROJECTED ESCROW PAYMENTS, KNOW THE FINAL ANNUAL PERCENTAGE RATE
(APR) AND THE AMOUNT OF REGULAR PAYMENTS AT THE LOAN'S CLOSING.
  6.  ASK  FOR  A GOOD FAITH ESTIMATE OF ALL LOAN AND SETTLEMENT CHARGES
BEFORE YOU AGREE TO THE LOAN AND PAY ANY FEES, SUCH AS LOAN  APPLICATION
FEES,  TITLE SEARCH AND INSURANCE FEES, LENDER'S ATTORNEY FEES, PROPERTY
APPRAISAL CHARGES, INSPECTIONS, RECORDING FEES,  TRANSFER  TAXES,  POINT
AND ORIGINATION FEES, AND ESCROW ACCOUNT BALANCES.
  7. OBTAIN CREDIT COUNSELING BEFORE CLOSING A LOAN.
  8. DECIDE WHETHER OR NOT TO FINANCE ANY PORTION OF THE POINTS OR FEES.
  9. REFUSE TO PURCHASE CREDIT INSURANCE FOR ANY MORTGAGE LOAN.
  10.  HAVE  YOUR  PROPERTY APPRAISED BY AN INDEPENDENT LICENSED PROFES-
SIONAL AND TO RECEIVE A COPY OF THE APPRAISAL.
  11. NOT BE SUBJECT TO DECEPTIVE MARKETING PRACTICES.
  12. ASK FOR THE HUD SETTLEMENT COSTS BOOKLET, "BUYING YOUR HOME".
  13. RECEIVE THE FOLLOWING  DOCUMENTS,  AND  EVERY  DOCUMENT  OTHERWISE
REQUIRED  TO BE GIVEN TO YOU AT CLOSING UNDER FEDERAL AND NEW YORK STATE
LAW:
  A. GOOD FAITH ESTIMATE
  B. TRUTH IN LENDING
  C. HUD-1 STATEMENT
  14. KNOW WHAT FEES ARE NOT REFUNDABLE IF YOU DECIDE TO CANCEL THE LOAN
AGREEMENT.
  15. RECEIVE IN WRITING  THE  REASON  FOR  THE  DENIAL  OR  CONDITIONAL
APPROVAL OF YOUR LOAN APPLICATION.
  16.  IF  REFINANCING,  YOU  MAY CANCEL A LOAN WITHIN THREE DAYS OF THE
CLOSING  BY  PROVIDING  WRITTEN  NOTIFICATION  OF  CANCELLATION  TO  THE
LICENSED LENDER OR BANKING INSTITUTION.
  17. RECEIVE THE HUD-1 DOCUMENT ONE DAY BEFORE THE CLOSING TAKES PLACE.
  18. HAVE ANY LENDING DISPUTES RESOLVED IN A FAIR AND EQUITABLE MANNER.
  19.  A  CREDIT  DECISION  THAT  IS  NOT  BASED  UPON YOUR RACE, COLOR,
NATIONAL ORIGIN, RELIGION, SEX, FAMILY STATUS, SEXUAL ORIENTATION, DISA-
BILITY OR WHETHER ANY INCOME IS FROM PUBLIC ASSISTANCE.
  20. FILE A COMPLAINT WITH THE NEW YORK STATE BANKING DEPARTMENT IF YOU
BELIEVE THAT A MORTGAGE BROKER OR ANY OTHER ENTITY LICENSED BY THE BANK-
ING DEPARTMENT HAS VIOLATED ANY RULES, REGULATIONS OR LAWS WHICH  GOVERN
HIS  OR  HER  CONDUCT  IN  WORKING WITH YOU TO GET OR PROCESS A MORTGAGE
LOAN.

A. 257--C                           3

  21. FILE A COMPLAINT WITH THE NEW YORK STATE DEPARTMENT  OF  STATE  IF
YOU  BELIEVE  THAT  A  REAL  ESTATE BROKER HAS VIOLATED ANY RULES, REGU-
LATIONS OR LAW WHICH GOVERNS HIS OR HER CONDUCT IN WORKING WITH  YOU  TO
PURCHASE A HOME."
  S 2. This act shall take effect on the one hundred eightieth day after
it  shall  have  become a law; provided that, effective immediately, any
and all actions necessary to implement the provisions of this act on its
effective date are authorized and directed to be completed on or  before
such date.

co-Sponsors

View additional co-sponsors

multi-Sponsors

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2009-A257D (ACTIVE) - Details

See Senate Version of this Bill:: S6668
Law Section:: Banking Law
Laws Affected:: Add §35, Bank L
Versions Introduced in Other Legislative Sessions:: 2011-2012: A1365
2013-2014: A7281, A5330
2015-2016: A2536, A2493
2017-2018: A3435, A5372
2019-2020: A2141
2021-2022: A3379

2009-A257D (ACTIVE) - Summary

Requires mortgage lenders and brokers to provide consumers with a mortgage bill of rights pamphlet which must be read and signed by the consumer prior to applying for a mortgage.

2009-A257D (ACTIVE) - Sponsor Memo

2009-A257D (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 257--D
                                                         Cal. No. 13

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by  M.  of A. PERALTA, ESPAILLAT, ALFANO, P. RIVERA, REILLY,
  ZEBROWSKI, COLTON, BOYLAND, SPANO,  KELLNER,  ROSENTHAL,  BENJAMIN  --
  Multi-Sponsored  by  --  M.  of  A. FARRELL, GORDON, GUNTHER, HEASTIE,
  V. LOPEZ, PHEFFER, QUINN, SALADINO, SCARBOROUGH, WEINSTEIN, WEISENBERG
  -- read once and referred to  the  Committee  on  Banks  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- reported and referred to the Committee on Ways
  and Means -- committee discharged, bill amended, ordered reprinted  as
  amended  and recommitted to said committee -- reported from committee,
  advanced to a third reading, amended and ordered reprinted,  retaining
  its  place  on  the order of third reading -- reported from committee,
  advanced to a third reading, amended and ordered reprinted,  retaining
  its place on the order of third reading

AN ACT to amend the banking law, in relation to directing licensed mort-
  gage bankers and authorized mortgage loan originators to provide mort-
  gage applicants with a mortgage bill of rights pamphlet on residential
  mortgages

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The banking law is amended by adding a new  section  35  to
read as follows:
  S  35.  INFORMATION  PAMPHLET FOR RESIDENTIAL MORTGAGE APPLICANTS.  1.
THE SUPERINTENDENT OF BANKS SHALL DEVELOP A PAMPHLET KNOWN AS "THE MORT-
GAGE APPLICANT'S BILL OF RIGHTS" AND POST SUCH PAMPHLET ON  THE  BANKING
DEPARTMENT'S INTERNET WEBSITE. COPIES OF SUCH PAMPHLET SHALL BE PROVIDED
TO  ALL  LICENSED LENDERS AND BANKING ORGANIZATIONS OFFERING RESIDENTIAL
MORTGAGE SERVICES.   A COPY  OF  SUCH  PAMPHLET  SHALL  BE  PROVIDED  BY
LICENSED  LENDERS  AND  BANKING ORGANIZATIONS TO EACH PERSON BEFORE SUCH
PERSON ENTERS INTO AN APPLICATION FOR A LOAN SECURED BY A MORTGAGE  UPON
RESIDENTIAL REAL PROPERTY. FURTHERMORE, SUCH LICENSED LENDER AND BANKING

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

                      [ ] is old law to be omitted.
                                                           LBD00046-10-0

A. 257--D                           2

ORGANIZATION  SHALL NOT ACCEPT AN APPLICATION FOR A RESIDENTIAL MORTGAGE
UNTIL THE PERSON OR PERSONS APPLYING FOR A MORTGAGE HAVE BEEN PROVIDED A
COPY OF THE BOOKLET AND ACKNOWLEDGED RECEIPT OF  IT  IN  WRITING.  EVERY
LICENSED  LENDER  AND  BANKING ORGANIZATION SHALL MAINTAIN SUCH ACKNOWL-
EDGEMENT ALONG WITH THE APPLICANT'S MORTGAGE LOAN DOCUMENTS.
  2. THE PAMPHLET AND WEBSITE NOTICE DEVELOPED PURSUANT TO THIS  SECTION
SHALL  INCLUDE  THE FOLLOWING, ALONG WITH OTHER INFORMATION ADDED AT THE
DISCRETION OF THE SUPERINTENDENT NOT  OTHERWISE  INCONSISTENT  WITH  THE
INFORMATION SET FORTH IN THE PAMPHLET:
  "BILL OF RIGHTS FOR RESIDENTIAL MORTGAGE APPLICANTS
AS AN APPLICANT FOR A RESIDENTIAL MORTGAGE YOU HAVE THE RIGHT TO:
  1.  COMPARE  THE  CHARGES OF DIFFERENT MORTGAGE BROKERS AND LENDERS TO
OBTAIN THE BEST LOAN POSSIBLE.
  2. ASK YOUR MORTGAGE BROKER TO EXPLAIN  HIS  OR  HER  RESPONSIBILITIES
WITHIN THE MORTGAGE LENDING PROCESS.
  3.  KNOW  HOW  MUCH  THE MORTGAGE BROKER IS COMPENSATED BY YOU AND THE
LENDER FOR YOUR LOAN.
  4. A CLEAR AND TRUTHFUL EXPLANATION OF THE TERMS AND CONDITIONS OF THE
LOAN.
  5. KNOW IF THE LOAN BEING OFFERED IS A FIXED OR ADJUSTABLE RATE  MORT-
GAGE  LOAN, KNOW THE EXACT AMOUNT OF YOUR MONTHLY LOAN PAYMENTS, INCLUD-
ING ANY PROJECTED ESCROW PAYMENTS, KNOW THE FINAL ANNUAL PERCENTAGE RATE
(APR) AND THE AMOUNT OF REGULAR PAYMENTS AT THE LOAN'S CLOSING.
  6. ASK FOR A GOOD FAITH ESTIMATE OF ALL LOAN  AND  SETTLEMENT  CHARGES
BEFORE  YOU AGREE TO THE LOAN AND PAY ANY FEES, SUCH AS LOAN APPLICATION
FEES, TITLE SEARCH AND INSURANCE FEES, LENDER'S ATTORNEY FEES,  PROPERTY
APPRAISAL  CHARGES,  INSPECTIONS,  RECORDING FEES, TRANSFER TAXES, POINT
AND ORIGINATION FEES, AND ESCROW ACCOUNT BALANCES.
  7. OBTAIN CREDIT COUNSELING BEFORE CLOSING A LOAN.
  8. DECIDE WHETHER OR NOT TO FINANCE ANY PORTION OF THE POINTS OR FEES.
  9. REFUSE TO PURCHASE CREDIT INSURANCE FOR ANY MORTGAGE LOAN.
  10. HAVE YOUR PROPERTY APPRAISED BY AN  INDEPENDENT  LICENSED  PROFES-
SIONAL AND TO RECEIVE A COPY OF THE APPRAISAL.
  11. NOT BE SUBJECT TO DECEPTIVE MARKETING PRACTICES.
  12. ASK FOR THE HUD SETTLEMENT COSTS BOOKLET, "BUYING YOUR HOME".
  13.  RECEIVE  THE  FOLLOWING  DOCUMENTS,  AND EVERY DOCUMENT OTHERWISE
REQUIRED TO BE GIVEN TO YOU AT CLOSING UNDER FEDERAL AND NEW YORK  STATE
LAW:
  A. GOOD FAITH ESTIMATE
  B. TRUTH IN LENDING
  C. HUD-1 STATEMENT
  14. KNOW WHAT FEES ARE NOT REFUNDABLE IF YOU DECIDE TO CANCEL THE LOAN
AGREEMENT.
  15.  RECEIVE  IN  WRITING  THE  REASON  FOR  THE DENIAL OR CONDITIONAL
APPROVAL OF YOUR LOAN APPLICATION.
  16. IF REFINANCING, YOU MAY CANCEL A LOAN WITHIN  THREE  DAYS  OF  THE
CLOSING  BY  PROVIDING  WRITTEN  NOTIFICATION  OF  CANCELLATION  TO  THE
LICENSED LENDER OR BANKING INSTITUTION.
  17. RECEIVE THE HUD-1 DOCUMENT ONE DAY BEFORE THE CLOSING TAKES PLACE.
  18. HAVE ANY LENDING DISPUTES RESOLVED IN A FAIR AND EQUITABLE MANNER.
  19. A CREDIT DECISION  THAT  IS  NOT  BASED  UPON  YOUR  RACE,  COLOR,
NATIONAL ORIGIN, RELIGION, SEX, FAMILY STATUS, SEXUAL ORIENTATION, DISA-
BILITY OR WHETHER ANY INCOME IS FROM PUBLIC ASSISTANCE.
  20. FILE A COMPLAINT WITH THE NEW YORK STATE BANKING DEPARTMENT IF YOU
BELIEVE THAT A MORTGAGE BROKER OR ANY OTHER ENTITY LICENSED BY THE BANK-
ING  DEPARTMENT HAS VIOLATED ANY RULES, REGULATIONS OR LAWS WHICH GOVERN

A. 257--D                           3

HIS OR HER CONDUCT IN WORKING WITH YOU TO  GET  OR  PROCESS  A  MORTGAGE
LOAN.
  21.  FILE  A  COMPLAINT WITH THE NEW YORK STATE DEPARTMENT OF STATE IF
YOU BELIEVE THAT A REAL ESTATE BROKER  HAS  VIOLATED  ANY  RULES,  REGU-
LATIONS  OR  LAW WHICH GOVERNS HIS OR HER CONDUCT IN WORKING WITH YOU TO
PURCHASE A HOME."
  S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law; provided that,  effective  immediately,  any
and all actions necessary to implement the provisions of this act on its
effective  date are authorized and directed to be completed on or before
such date.

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Assembly Bill A257D

Sponsored By

Archive: Last Bill Status - Stricken

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Bill Amendments

2009-A257 - Details

2009-A257 - Summary

2009-A257 - Sponsor Memo

2009-A257 - Bill Text download pdf

2009-A257A - Details

2009-A257A - Summary

2009-A257A - Bill Text download pdf

co-Sponsors

multi-Sponsors

2009-A257B - Details

2009-A257B - Summary

2009-A257B - Bill Text download pdf

co-Sponsors

multi-Sponsors

2009-A257C - Details

2009-A257C - Summary

2009-A257C - Sponsor Memo

2009-A257C - Bill Text download pdf

co-Sponsors

multi-Sponsors

2009-A257D (ACTIVE) - Details

2009-A257D (ACTIVE) - Summary

2009-A257D (ACTIVE) - Sponsor Memo

2009-A257D (ACTIVE) - Bill Text download pdf

Comments

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Sponsored By

PERALTA

Archive: Last Bill Status - Stricken

Actions

Bill Amendments

2009-A257 - Details

2009-A257 - Summary

2009-A257 - Sponsor Memo

2009-A257 - Bill Text download pdf

2009-A257A - Details

2009-A257A - Summary

2009-A257A - Bill Text download pdf

co-Sponsors

Adriano Espaillat

Thomas Alfano

Peter Rivera

Robert Reilly

multi-Sponsors

Herman D. Farrell

Timothy P. Gordon

Aileen Gunther

Carl Heastie

2009-A257B - Details

2009-A257B - Summary

2009-A257B - Bill Text download pdf

co-Sponsors

Adriano Espaillat

Thomas Alfano

Peter Rivera

Robert Reilly

multi-Sponsors

Herman D. Farrell

Timothy P. Gordon

Aileen Gunther

Carl Heastie

2009-A257C - Details

2009-A257C - Summary

2009-A257C - Sponsor Memo

2009-A257C - Bill Text download pdf

co-Sponsors

Adriano Espaillat

Thomas Alfano

Peter Rivera

Robert Reilly

multi-Sponsors

Herman D. Farrell

Timothy P. Gordon

Aileen Gunther

Carl Heastie

2009-A257D (ACTIVE) - Details

2009-A257D (ACTIVE) - Summary

2009-A257D (ACTIVE) - Sponsor Memo

2009-A257D (ACTIVE) - Bill Text download pdf

Comments