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A03583 Summary:

BILL NO    A03583 

SAME AS    SAME AS S03960

SPONSOR    Englebright (MS)

COSPNSR    Morelle, Brook-Krasny, Colton

MLTSPNSR   Abbate, Arroyo, Finch, Galef, Hevesi, Hooper, Magee, Markey, Millman,
           Rivera, Sweeney, Weisenberg

Add S2405-f, Pub Auth L

Establishes a reverse loan mortgage loan program for low income 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; further provides that area agencies on
aging shall provide counseling and assistance to applicants; directs the state
of New York mortgage agency to issue an annual report to the governor and the
legislature.
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