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A01371 Summary:
| BILL NO | A01371 |
| SAME AS | SAME AS S02029 |
| SPONSOR | Englebright (MS) |
| COSPNSR | Canestrari, Morelle, Brook-Krasny |
| MLTSPNSR | Abbate, Alfano, Arroyo, Barra, Boyland, Carrozza, Destito, Finch, Gabryszak, Galef, Hevesi, Hooper, Hoyt, Koon, Magee, Markey, McEneny, Millman, Pheffer, Rivera J, 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. | |