Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 15, 2017 |
signed chap.20 |
Mar 03, 2017 |
delivered to governor |
Mar 01, 2017 |
returned to senate passed assembly ordered to third reading cal.64 substituted for a372 |
Mar 01, 2017 |
substituted by s982 |
Feb 23, 2017 |
advanced to third reading cal.64 |
Feb 13, 2017 |
reported |
Jan 05, 2017 |
referred to banks |
Assembly Bill A372
Signed By Governor2017-2018 Legislative Session
Sponsored By
RICHARDSON
Archive: Last Bill Status Via S982 - Signed by Governor
- 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
Votes
co-Sponsors
Luis R. Sepúlveda
2017-A372 (ACTIVE) - Details
2017-A372 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 372 2017-2018 Regular Sessions I N A S S E M B L Y January 5, 2017 ___________ Introduced by M. of A. RICHARDSON -- read once and referred to the Committee on Banks AN ACT to amend the banking law, in relation to allowing execution of a mortgage loan by electronic signature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 30 of section 2 of the banking law, as added by a chapter of the laws of 2016, amending the banking law relating to the definition of consummation of a mortgage loan, as proposed in legisla- tive bills numbers S.7183 and A.9746, is amended to read as follows: 30. Consummation of a mortgage loan. The term "consummation of a mort- gage loan" means, for purposes of the act of congress entitled Truth in Lending Act and the regulations thereunder and the Real Estate Settle- ment Procedures Act of 1974, as amended, and the regulations thereunder, when the applicant for the mortgage loan executes the promissory note and mortgage INCLUDING BY ELECTRONIC SIGNATURE, IN ACCORDANCE WITH APPLICABLE FEDERAL AND STATE LAWS, RULES, AND REGULATIONS. § 2. This act shall take effect on the same date and in the same manner as a chapter of the laws of 2016, amending the banking law relat- ing to the definition of consummation of a mortgage loan, as proposed in legislative bills numbers S.7183 and A.9746, takes effect. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07076-01-7
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