senate Bill S2239A

2015-2016 Legislative Session

Enacts the "home mortgage bridge loan assistance act of 2016"

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 13, 2016 print number 2239a
Jan 13, 2016 amend (t) and recommit to housing, construction and community development
Jan 06, 2016 referred to housing, construction and community development
Jan 22, 2015 referred to housing, construction and community development

S2239 - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 28 §§1250 - 1256, Priv Hous Fin L; add §89-i, St Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5035
2017-2018: S433
2019-2020: S2294
2021-2022: S3169

S2239 - Summary

Enacts the "home mortgage bridge loan assistance act of 2016".

S2239 - Sponsor Memo

S2239 - Bill Text download pdf

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

                                  2239

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 22, 2015
                               ___________

Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN ACT to amend the private housing finance law, in relation to enacting
  the  "home  mortgage bridge loan assistance act of 2015"; and to amend
  the state finance law, in relation to establishing the  home  mortgage
  bridge loan assistance fund

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

  Section 1.  The private housing finance law is amended by adding a new
article 28 to read as follows:
                               ARTICLE 28
                        HOME MORTGAGE BRIDGE LOAN
                               ASSISTANCE
SECTION 1250. SHORT TITLE.
        1251. LEGISLATIVE FINDINGS AND PURPOSE.
        1252. DEFINITIONS.
        1253. HOME MORTGAGE BRIDGE LOAN ASSISTANCE.
        1254. NOTICE, TIMING AND STAY OF PROCEEDING REQUIREMENTS.
        1255. ELIGIBILITY.
        1256. TEMPORARY PAYMENTS OF ASSISTANCE.
  S 1250.  SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE CITED  AS
THE "HOME MORTGAGE BRIDGE LOAN ASSISTANCE ACT OF 2015".
  S  1251.  LEGISLATIVE FINDINGS AND PURPOSE. (1) FINDINGS. THE LEGISLA-
TURE HEREBY FINDS AND DECLARES THAT:
  (A) THIS STATE AND THE UNITED STATES HAVE EXPERIENCED THE COLLAPSE  OF
A  SIZEABLE  PRIMARY  AND  SECONDARY REAL ESTATE MARKET BUBBLE WHICH FEW
FORESAW AND MANY NOW SUFFER THE WEALTH DESTRUCTIVE EFFECTS OF;
  (B) THIS STATE AND THE UNITED STATES ARE IN CONSEQUENCE NOW  SUFFERING
AN  ECONOMIC  SLOWDOWN  AS  CONSUMERS TRIM SPENDING AND CONCENTRATE UPON

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00435-01-5

S2239A (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 28 §§1250 - 1256, Priv Hous Fin L; add §89-i, St Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5035
2017-2018: S433
2019-2020: S2294
2021-2022: S3169

S2239A (ACTIVE) - Summary

Enacts the "home mortgage bridge loan assistance act of 2016".

S2239A (ACTIVE) - Sponsor Memo

S2239A (ACTIVE) - Bill Text download pdf

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

                                 2239--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 22, 2015
                               ___________

Introduced  by  Sen. PERALTA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community  Development  --  recommitted  to  the Committee on Housing,
  Construction and Community Development in accordance with Senate  Rule
  6,  sec. 8 -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the private housing finance law, in relation to enacting
  the "home mortgage bridge loan assistance act of 2016"; and  to  amend
  the  state  finance law, in relation to establishing the home mortgage
  bridge loan assistance fund

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

  Section 1.  The private housing finance law is amended by adding a new
article 28 to read as follows:
                               ARTICLE 28
                        HOME MORTGAGE BRIDGE LOAN
                               ASSISTANCE
SECTION 1250. SHORT TITLE.
        1251. LEGISLATIVE FINDINGS AND PURPOSE.
        1252. DEFINITIONS.
        1253. HOME MORTGAGE BRIDGE LOAN ASSISTANCE.
        1254. NOTICE, TIMING AND STAY OF PROCEEDING REQUIREMENTS.
        1255. ELIGIBILITY.
        1256. TEMPORARY PAYMENTS OF ASSISTANCE.
  S  1250.  SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE CITED AS
THE "HOME MORTGAGE BRIDGE LOAN ASSISTANCE ACT OF 2016".
  S 1251. LEGISLATIVE FINDINGS AND PURPOSE. (1) FINDINGS.  THE  LEGISLA-
TURE HEREBY FINDS AND DECLARES THAT:
  (A)  THIS STATE AND THE UNITED STATES HAVE EXPERIENCED THE COLLAPSE OF
A SIZEABLE PRIMARY AND SECONDARY REAL ESTATE  MARKET  BUBBLE  WHICH  FEW
FORESAW AND MANY NOW SUFFER THE WEALTH DESTRUCTIVE EFFECTS OF;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00435-02-6

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.