Bill Commons

NY A 1111

in committee

Establishes a reverse mortgage loan program for seniors and requires counseling

New York · 2025-2026 Regular Session · lower

Description

Establishes a reverse loan mortgage loan program for seniors; provides for the state of NY mortgage agency to establish many of the parameters for the implementation of the program; defines terms; requires a care needs assessment of each applicant; provides that area agencies on aging shall provide counseling and assistance to applicants; requires independent counseling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

Introduced
Status date
Latest action
2026-01-07 — REFERRED TO HOUSING
Bill type
bill
Last updated

Sponsors

  • Jo Anne Simonprimary
  • Jaime R. Williamscosponsor
  • William Coltoncosponsor
  • Joe DeStefanocosponsor

Committees

Not provided by source.

Action timeline

  1. 2025-01-09

    REFERRED TO HOUSING

    referral-committee

  2. 2026-01-07

    REFERRED TO HOUSING

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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