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NY S00763
Bill
Status
1/5/2011
Primary Sponsor
Catharine Young
Click for details
AI Summary
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Establishes a home equity protection insurance program to insure full value of owner-occupied residences meeting income eligibility requirements.
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Directs the administering agency to issue commitments to insure qualified residences and provide insurance coverage.
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Limits participation to owner-occupied homes where occupants meet specified income qualifications.
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Protects home equity for qualifying low-to-moderate income homeowners through full-value insurance coverage.
Legislative Description
Authorizes the establishment of the home equity protection insurance program directing the agency to issue a commitment to insure and insure the full value of certain residences which are owner-occupied by persons who meet certain income qualifications.
Last Action
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
1/5/2011