Bill Commons

NY S 2559

in committee

Provides for the establishment of the New York state home equity conversion information summary

New York · 2025-2026 Regular Session · upper

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Quick answers

Did NY S 2559 pass?

Not yet. NY S 2559 is in committee and has not come to a final vote. Latest recorded action (2026-01-07): REFERRED TO AGING

What is NY S 2559 about?

Provides for the establishment of the New York state home equity conversion information summary to provide notice of mortgagor's right and responsibilities under reverse mortgage loans issued under the home equity conversion mortgage program of the federal Department of Housing and Urban Development; provides that every authorized lender must provide copies of such summary not less than 5 days prior to closing on a reverse mortgage loan; establishes a private right of action for violations of such provisions.

Who sponsors NY S 2559?

Leroy Comrie is the primary sponsor of NY S 2559.

Description

Provides for the establishment of the New York state home equity conversion information summary to provide notice of mortgagor's right and responsibilities under reverse mortgage loans issued under the home equity conversion mortgage program of the federal Department of Housing and Urban Development; provides that every authorized lender must provide copies of such summary not less than 5 days prior to closing on a reverse mortgage loan; establishes a private right of action for violations of such provisions.

Introduced
—
Latest action
2026-01-07 — REFERRED TO AGING
Bill type
bill
Last updated
—

Sponsors

  • Leroy Comrieprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-01-07

    REFERRED TO AGING

    referral-committee

  2. 2025-01-21

    REFERRED TO AGING

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

  • Prior session: S 4494not in this corpus
  • Prior session: S 2373not in this corpus
  • Prior session: S 3793not in this corpus
  • Prior session: S 1541not in this corpus

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S2559?summary=&detail=

Attribution

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

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