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S.%2029 Summary:

BILL NOS02029
 
SAME ASSAME AS A01371
 
SPONSORGOLDEN
 
COSPNSRJOHNSON O, MORAHAN, VOLKER
 
MLTSPNSR
 
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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