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S02029 Summary:
BILL NO | S02029 |
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SAME AS | SAME AS A01371 |
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SPONSOR | GOLDEN |
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COSPNSR | JOHNSON O, MORAHAN, VOLKER |
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MLTSPNSR | |
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Add S2405-f, Pub Auth L | |
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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. |