NY A 1111
in committeeEstablishes 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
2025-01-09
REFERRED TO HOUSING
referral-committee
2026-01-07
REFERRED TO HOUSING
referral-committee
Versions
- A1111Compare
Documents
- application/pdf(no extracted text yet)
- text/html(no extracted text yet)
Votes
Not provided by source.
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
Use this data
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