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NY A10745

Bill

Official Source

Status

Introduced

8/10/2016

Primary Sponsor

Helene Weinstein

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Removes the exclusion of reverse mortgage transactions from the definition of "home loan" in subdivision 5 of section 1304 of the Real Property Actions and Proceedings Law
  • Removes the exclusion of reverse mortgage transactions from the definition of "home loan" in subdivision 6(a) of section 1304 of the Real Property Actions and Proceedings Law
  • Removes the exclusion of reverse mortgage transactions from the definition of "home loan" in subdivision 6(b) of section 1304 of the Real Property Actions and Proceedings Law
  • Takes effect immediately, except that amendments to subdivision 6 take effect on the same date as section 6 of part Q of chapter 73 of the laws of 2016

Legislative Description

Relates to required prior notices; includes reverse mortgage transactions in the definition of home loan.

Last Action

referred to judiciary

8/10/2016

Committee Referrals

Judiciary8/10/2016

Full Bill Text

No bill text available