· NY legislature · 2025-2026

Establishes a reverse mortgage loan program for seniors and requires counseling

Establishes a reverse loan mortgage loan program for 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; provides that area agencies on aging shall provide counseling and as…

Sponsor

Jo Anne Simon (D-NY)

Introduced

2025-01-09

Policy area

Housing and Community Development

Latest action

REFERRED TO HOUSING