Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to housing |
Jan 17, 2017 |
referred to housing |
Assembly Bill A2135
2017-2018 Legislative Session
Sponsored By
DINOWITZ
Archive: Last Bill Status - In Assembly Committee
- 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
Actions
co-Sponsors
Rebecca Seawright
Vivian Cook
Latoya Joyner
Steven Otis
multi-Sponsors
Brian Barnwell
Andrew Hevesi
2017-A2135 (ACTIVE) - Details
2017-A2135 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2135 2017-2018 Regular Sessions I N A S S E M B L Y January 17, 2017 ___________ Introduced by M. of A. DINOWITZ, SEAWRIGHT, COOK, JOYNER, OTIS, ABBATE, GOTTFRIED, ROSENTHAL, CRESPO, HOOPER, QUART, BRAUNSTEIN -- Multi-Spon- sored by -- M. of A. HEVESI -- read once and referred to the Commit- tee on Housing AN ACT to amend the real property law, in relation to including cooper- ative unit loan dwellings as those eligible for reverse mortgages for persons seventy years of age or older THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 1 of section 280-a of the real property law, as added by chapter 613 of the laws of 1993, is amended to read as follows: (a) Reverse mortgage loan. A loan which is secured by a first mortgage on real property improved by a one to four-family residence [or], condo- minium OR COOPERATIVE UNIT that is the residence of the mortgagor(s) the proceeds of which are advanced to the mortgagor(s) during the term of the loan in equal installments, or in advances through a line of credit or otherwise, in lump sums, or through a combination thereof. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03795-01-7
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