- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A05625 Summary:
BILL NO | A05625A |
  | |
SAME AS | SAME AS S03221 |
  | |
SPONSOR | Weinstein (MS) |
  | |
COSPNSR | Mosley, Jaffee, Abbate, Cymbrowitz, Galef, Zebrowski, Joyner, Ortiz, Glick, Dinowitz, Carroll, D'Urso, Steck, Hyndman, Richardson, Seawright, Weprin, Cahill, Colton, Taylor |
  | |
MLTSPNSR | Cook, Englebright, Griffin, Nolan, Simon, Thiele |
  | |
Add §280-b, RP L | |
  | |
Directs the department of financial services to establish an internet website for comparison of federal home equity conversion reverse mortgage products offered in the state. |
A05625 Actions:
BILL NO | A05625A | |||||||||||||||||||||||||||||||||||||||||||||||||
  | ||||||||||||||||||||||||||||||||||||||||||||||||||
02/14/2019 | referred to judiciary | |||||||||||||||||||||||||||||||||||||||||||||||||
03/05/2019 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/05/2019 | reported referred to rules | |||||||||||||||||||||||||||||||||||||||||||||||||
06/05/2019 | amend and recommit to rules 5625a | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2019 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2019 | rules report cal.134 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/11/2019 | ordered to third reading rules cal.134 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2019 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2019 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
06/13/2019 | REFERRED TO RULES | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2019 | SUBSTITUTED FOR S3221 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2019 | 3RD READING CAL.1380 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2019 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/14/2019 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
11/26/2019 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
12/06/2019 | vetoed memo.173 | |||||||||||||||||||||||||||||||||||||||||||||||||
12/06/2019 | tabled |
A05625 Committee Votes:
Dinowitz | Aye | Palumbo | Aye | ||||||
Titus | Excused | Montesano | Aye | ||||||
Lavine | Aye | Goodell | Aye | ||||||
Zebrowski | Aye | Norris | Aye | ||||||
Weprin | Aye | Walsh | Aye | ||||||
Braunstein | Aye | Byrnes | Aye | ||||||
Simotas | Aye | ||||||||
Quart | Excused | ||||||||
Buchwald | Aye | ||||||||
Steck | Aye | ||||||||
Seawright | Aye | ||||||||
Joyner | Aye | ||||||||
Abinanti | Aye | ||||||||
Wright | Aye | ||||||||
Wallace | Aye | ||||||||
Weinstein | Aye | Barclay | Aye | ||||||
Lentol | Aye | Crouch | Aye | ||||||
Schimminger | Aye | Fitzpatrick | Aye | ||||||
Gantt | Excused | Hawley | Aye | ||||||
Glick | Aye | Malliotakis | Aye | ||||||
Nolan | Excused | Montesano | Aye | ||||||
Pretlow | Aye | Ra | Aye | ||||||
Perry | Aye | Blankenbush | Aye | ||||||
Colton | Aye | Palmesano | Aye | ||||||
Cook | Aye | Norris | Aye | ||||||
Cahill | Aye | ||||||||
Aubry | Aye | ||||||||
Thiele | Aye | ||||||||
Cusick | Aye | ||||||||
Ortiz | Aye | ||||||||
Benedetto | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Absent | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Simotas | Aye | ||||||||
Dinowitz | Aye | ||||||||
Miller | Excused | ||||||||
Heastie | Excused | Kolb | Aye | ||||||
Gottfried | Aye | Crouch | Aye | ||||||
Lentol | Aye | Finch | Aye | ||||||
Gantt | Excused | Barclay | Aye | ||||||
Nolan | Aye | Raia | Aye | ||||||
Weinstein | Aye | Hawley | Aye | ||||||
Ortiz | Aye | Giglio | Aye | ||||||
Pretlow | Aye | Malliotakis | Aye | ||||||
Cook | Aye | ||||||||
Glick | Aye | ||||||||
Aubry | Aye | ||||||||
Englebright | Aye | ||||||||
Dinowitz | Aye | ||||||||
Colton | Aye | ||||||||
Magnarelli | Aye | ||||||||
Perry | Aye | ||||||||
Paulin | Aye | ||||||||
Titus | Excused | ||||||||
Peoples-Stokes | Excused | ||||||||
Benedetto | Aye | ||||||||
Lavine | Excused | ||||||||
Lupardo | Aye | ||||||||
Zebrowski | Excused | ||||||||
Go to top
A05625 Floor Votes:
Yes
Abbate
ER
Crespo
ER
Gantt
Yes
LiPetri
Yes
Perry
Yes
Simon
Yes
Abinanti
Yes
Crouch
Yes
Garbarino
Yes
Lupardo
Yes
Pheffer Amato
Yes
Simotas
Yes
Arroyo
Yes
Cruz
Yes
Giglio
Yes
Magnarelli
Yes
Pichardo
Yes
Smith
Yes
Ashby
Yes
Cusick
Yes
Glick
Yes
Malliotakis
Yes
Pretlow
Yes
Smullen
Yes
Aubry
Yes
Cymbrowitz
Yes
Goodell
Yes
Manktelow
Yes
Quart
Yes
Solages
Yes
Barclay
Yes
Davila
Yes
Gottfried
Yes
McDonald
Yes
Ra
Yes
Stec
Yes
Barnwell
Yes
De La Rosa
Yes
Griffin
Yes
McDonough
Yes
Raia
Yes
Steck
Yes
Barrett
Yes
DenDekker
Yes
Gunther
Yes
McMahon
Yes
Ramos
Yes
Stern
Yes
Barron
Yes
DeStefano
Yes
Hawley
Yes
Mikulin
Yes
Raynor
Yes
Stirpe
Yes
Benedetto
Yes
Dickens
Yes
Hevesi
Yes
Miller B
Yes
Reilly
Yes
Tague
Yes
Bichotte
Yes
Dilan
Yes
Hunter
Yes
Miller MG
Yes
Reyes
Yes
Taylor
Yes
Blake
Yes
Dinowitz
Yes
Hyndman
Yes
Miller ML
Yes
Richardson
Yes
Thiele
Yes
Blankenbush
Yes
DiPietro
Yes
Jacobson
Yes
Montesano
Yes
Rivera
Yes
Titus
Yes
Brabenec
Yes
D'Urso
Yes
Jaffee
Yes
Morinello
Yes
Rodriguez
Yes
Vanel
Yes
Braunstein
Yes
Eichenstein
Yes
Jean-Pierre
ER
Mosley
Yes
Romeo
No
Walczyk
Yes
Bronson
Yes
Englebright
Yes
Johns
Yes
Niou
Yes
Rosenthal D
Yes
Walker
Yes
Buchwald
Yes
Epstein
Yes
Jones
Yes
Nolan
Yes
Rosenthal L
Yes
Wallace
Yes
Burke
Yes
Fahy
Yes
Joyner
Yes
Norris
Yes
Rozic
Yes
Walsh
Yes
Buttenschon
Yes
Fall
Yes
Kim
Yes
O'Donnell
Yes
Ryan
Yes
Weinstein
Yes
Byrne
Yes
Fernandez
Yes
Kolb
Yes
Ortiz
Yes
Salka
Yes
Weprin
Yes
Byrnes
Yes
Finch
Yes
Lalor
Yes
Otis
Yes
Santabarbara
ER
Williams
Yes
Cahill
Yes
Fitzpatrick
Yes
Lavine
Yes
Palmesano
Yes
Sayegh
Yes
Woerner
Yes
Carroll
No
Friend
Yes
Lawrence
Yes
Palumbo
Yes
Schimminger
Yes
Wright
Yes
Colton
Yes
Frontus
Yes
Lentol
Yes
Paulin
Yes
Schmitt
Yes
Zebrowski
Yes
Cook
Yes
Galef
Yes
Lifton
Yes
Peoples-Stokes
Yes
Seawright
Yes
Mr. Speaker
‡ Indicates voting via videoconference
A05625 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 5625--A 2019-2020 Regular Sessions IN ASSEMBLY February 14, 2019 ___________ Introduced by M. of A. WEINSTEIN, MOSLEY, JAFFEE, ABBATE, CYMBROWITZ, GALEF, ZEBROWSKI, JOYNER, ORTIZ, GLICK, DINOWITZ, CARROLL, D'URSO, STECK, HYNDMAN, RICHARDSON, SEAWRIGHT, WEPRIN, CAHILL, COLTON, TAYLOR -- Multi-Sponsored by -- M. of A. COOK, ENGLEBRIGHT, GRIFFIN, NOLAN, SIMON, THIELE -- read once and referred to the Committee on Judiciary -- reported and referred to the Committee on Ways and Means -- reported and referred to the Committee on Rules -- Rules Committee discharged, bill amended, ordered reprinted as amended and recommitted to the Committee on Rules AN ACT to amend the real property law, in relation to directing the department of financial services to establish an internet website for federal home equity conversion mortgage product comparison The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property law is amended by adding a new section 2 280-b to read as follows: 3 § 280-b. Federal home equity conversion mortgage comparison website. 4 1. For the purposes of this section, the following terms shall have the 5 following meanings: 6 (a) Reverse mortgage loan. A reverse mortgage loan as defined in 7 section two hundred eighty of this article, which is issued in the state 8 pursuant to the home equity conversion mortgage for seniors program 9 operated by the federal Department of Housing and Urban Development. 10 (b) Authorized lender. An authorized lender as defined in section two 11 hundred eighty of this article authorized to make reverse mortgage 12 loans, as defined in this section. 13 (c) Department. The department of financial services established 14 pursuant to section one hundred two of the financial services law. 15 2. The department shall establish and operate a home equity conversion 16 mortgage comparison website. Such website shall provide information to 17 potential consumers of reverse mortgage loans, including information and EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00900-03-9A. 5625--A 2 1 comparisons on reverse mortgage loan products so as to allow consumers 2 to make educated choices as to which authorized lenders offer the best 3 services, terms and value based on a variety of financial circumstances. 4 The department shall ensure that the website allows consumers to compare 5 the cost, rate and service features of reverse mortgage loan products. 6 3. An authorized lender may submit information on its reverse mortgage 7 loan products to the department for inclusion on the internet website 8 established pursuant to this section, if: 9 (a) the authorized lender submits complete reverse mortgage loan pric- 10 es to the department; 11 (b) the authorized lender submits all factors relating to the reverse 12 mortgage loans affecting future rate adjustments which may impact future 13 debt, borrower equity or lines of credit; 14 (c) the prices and costs provided to the department are as low or 15 lower than those offered under any other circumstances for a particular 16 product; and 17 (d) the authorized lender submits such fee, as shall be determined by 18 the department, for the publication of information on the website. 19 § 2. This act shall take effect on the one hundred eightieth day after 20 it shall have become a law. Effective immediately, the addition, amend- 21 ment and/or repeal of any rule or regulation necessary for the implemen- 22 tation of this act on its effective date are authorized to be made and 23 completed on or before such effective date.