Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 06, 2019 |
tabled vetoed memo.173 |
Nov 26, 2019 |
delivered to governor |
Jun 14, 2019 |
returned to assembly passed senate 3rd reading cal.1380 substituted for s3221 |
Jun 13, 2019 |
referred to rules delivered to senate passed assembly |
Jun 11, 2019 |
ordered to third reading rules cal.134 rules report cal.134 reported |
Jun 05, 2019 |
amend and recommit to rules 5625a |
Jun 05, 2019 |
reported referred to rules |
Mar 05, 2019 |
reported referred to ways and means |
Feb 14, 2019 |
referred to judiciary |
Assembly Bill A5625A
Vetoed By Governor2019-2020 Legislative Session
Sponsored By
WEINSTEIN
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
Walter T. Mosley
Ellen C. Jaffee
Peter Abbate
Steven Cymbrowitz
multi-Sponsors
Vivian Cook
Steven Englebright
Judy Griffin
Catherine Nolan
2019-A5625 - Details
2019-A5625 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5625 2019-2020 Regular Sessions I N A S S E M B L Y February 14, 2019 ___________ Introduced by M. of A. WEINSTEIN, MOSLEY, JAFFEE, ABBATE, CYMBROWITZ, GALEF, ZEBROWSKI, JOYNER, ORTIZ, GLICK, DINOWITZ, CARROLL, D'URSO, STECK, HYNDMAN, RICHARDSON, SEAWRIGHT, WEPRIN, CAHILL, COLTON, TAYLOR -- Multi-Sponsored by -- M. of A. COOK, ENGLEBRIGHT, NOLAN, SIMON, THIELE -- read once and referred to the Committee on Judiciary AN ACT to amend the real property law, in relation to directing the department of financial services to establish an internet website for federal home equity conversion mortgage product comparison THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 280-c to read as follows: § 280-C. FEDERAL HOME EQUITY CONVERSION MORTGAGE COMPARISON WEBSITE. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) REVERSE MORTGAGE LOAN. A REVERSE MORTGAGE LOAN AS DEFINED IN SECTION TWO HUNDRED EIGHTY OF THIS ARTICLE, WHICH IS ISSUED IN THE STATE PURSUANT TO THE HOME EQUITY CONVERSION MORTGAGE FOR SENIORS PROGRAM OPERATED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. (B) AUTHORIZED LENDER. AN AUTHORIZED LENDER AS DEFINED IN SECTION TWO HUNDRED EIGHTY OF THIS ARTICLE AUTHORIZED TO MAKE REVERSE MORTGAGE LOANS, AS DEFINED IN THIS SECTION. (C) DEPARTMENT. THE DEPARTMENT OF FINANCIAL SERVICES ESTABLISHED PURSUANT TO SECTION ONE HUNDRED TWO OF THE FINANCIAL SERVICES LAW. 2. THE DEPARTMENT SHALL ESTABLISH AND OPERATE A HOME EQUITY CONVERSION MORTGAGE COMPARISON WEBSITE. SUCH WEBSITE SHALL PROVIDE INFORMATION TO POTENTIAL CONSUMERS OF REVERSE MORTGAGE LOANS, INCLUDING INFORMATION AND COMPARISONS ON REVERSE MORTGAGE LOAN PRODUCTS SO AS TO ALLOW CONSUMERS TO MAKE EDUCATED CHOICES AS TO WHICH AUTHORIZED LENDERS OFFER THE BEST SERVICES, TERMS AND VALUE BASED ON A VARIETY OF FINANCIAL CIRCUMSTANCES. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00900-01-9
co-Sponsors
Walter T. Mosley
Ellen C. Jaffee
Peter Abbate
Steven Cymbrowitz
multi-Sponsors
Vivian Cook
Steven Englebright
Judy Griffin
Catherine Nolan
2019-A5625A (ACTIVE) - Details
2019-A5625A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5625--A 2019-2020 Regular Sessions I N A S S E M B L Y February 14, 2019 ___________ Introduced by M. of A. WEINSTEIN, MOSLEY, JAFFEE, ABBATE, CYMBROWITZ, GALEF, ZEBROWSKI, JOYNER, ORTIZ, GLICK, DINOWITZ, CARROLL, D'URSO, STECK, HYNDMAN, RICHARDSON, SEAWRIGHT, WEPRIN, CAHILL, COLTON, TAYLOR -- Multi-Sponsored by -- M. of A. COOK, ENGLEBRIGHT, GRIFFIN, NOLAN, SIMON, THIELE -- read once and referred to the Committee on Judiciary -- reported and referred to the Committee on Ways and Means -- reported and referred to the Committee on Rules -- Rules Committee discharged, bill amended, ordered reprinted as amended and recommitted to the Committee on Rules AN ACT to amend the real property law, in relation to directing the department of financial services to establish an internet website for federal home equity conversion mortgage product comparison THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new section 280-b to read as follows: § 280-B. FEDERAL HOME EQUITY CONVERSION MORTGAGE COMPARISON WEBSITE. 1. FOR THE PURPOSES OF THIS SECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) REVERSE MORTGAGE LOAN. A REVERSE MORTGAGE LOAN AS DEFINED IN SECTION TWO HUNDRED EIGHTY OF THIS ARTICLE, WHICH IS ISSUED IN THE STATE PURSUANT TO THE HOME EQUITY CONVERSION MORTGAGE FOR SENIORS PROGRAM OPERATED BY THE FEDERAL DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. (B) AUTHORIZED LENDER. AN AUTHORIZED LENDER AS DEFINED IN SECTION TWO HUNDRED EIGHTY OF THIS ARTICLE AUTHORIZED TO MAKE REVERSE MORTGAGE LOANS, AS DEFINED IN THIS SECTION. (C) DEPARTMENT. THE DEPARTMENT OF FINANCIAL SERVICES ESTABLISHED PURSUANT TO SECTION ONE HUNDRED TWO OF THE FINANCIAL SERVICES LAW. 2. THE DEPARTMENT SHALL ESTABLISH AND OPERATE A HOME EQUITY CONVERSION MORTGAGE COMPARISON WEBSITE. SUCH WEBSITE SHALL PROVIDE INFORMATION TO POTENTIAL CONSUMERS OF REVERSE MORTGAGE LOANS, INCLUDING INFORMATION AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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