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S03960 Summary:
| BILL NO | S03960 |
| SAME AS | SAME AS A03583 |
| SPONSOR | GOLDEN |
| COSPNSR | |
| MLTSPNSR | |
| Add S2405-f, Pub Auth L | |
| Establishes a reverse 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. | |