NY S00303 | 2013-2014 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 9 2013 - 25% progression, died in committee
Action: 2014-01-08 - REFERRED TO JUDICIARY
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 9 2013 - 25% progression, died in committee
Action: 2014-01-08 - REFERRED TO JUDICIARY
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that a lender providing a reverse mortgage to a person who is 60 years of age or older may receive not more than 20% of the future appreciation of property secured by the mortgage as consideration for providing such reverse mortgage.
Title
Provides that a lender providing a reverse mortgage to a person who is 60 years of age or older may receive not more than 20% of the future appreciation of property secured by the mortgage as consideration for providing such reverse mortgage.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-01-08 | Senate | REFERRED TO JUDICIARY |
| 2013-01-09 | Senate | REFERRED TO JUDICIARY |
Same As/Similar To
A00035 (Same As) 2014-01-08 - referred to judiciary
