A01582 - 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.
New York - 2023-2024 General Assembly
Introduced byJo Anne Simon, Jaime R. Williams, William Colton
Last updated over 1 year ago
9 Co-Sponsors
STATUS
Introduced
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