---
type: "Bill"
title: "Relates to reverse cooperative apartment unit loans for persons sixty-two years of age or older"
description: "Relates to authorizing reverse cooperative apartment unit loans for persons sixty-two years of age or older; provides additional consumer protections."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "S 7724"
citation: "New York S 7724 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["BIAGGI"]
version_count: 1
action_count: 11
vote_count: 4
first_action: "2022-01-07"
last_action: "2022-01-24"
source: "openstates"
source_identifier: "ocd-bill/5550792f-d61e-4288-8819-f7af39238caa"
source_url: "http://www.nysenate.gov/legislation/bills/2021/S7724"
source_hash: "4d94ccb5c2c43c325c4231c562f9fa18ff02e3aaafba10b01323c697de7c7d35"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York S 7724 (2021-2022) — Relates to reverse cooperative apartment unit loans for persons sixty-two years of age or older

Relates to authorizing reverse cooperative apartment unit loans for persons sixty-two years of age or older; provides additional consumer protections.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S7724** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S7724&term=2021&Text=Y)

## Votes

- Rules Vote — **20–0** (pass) · upper
- Floor Vote — **62–1** (pass) · upper
- Assembly Vote — **140–2** (pass) · lower
- Rules Vote — **20–0** (pass) · upper

## Sponsors

- BIAGGI — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-01-07** REFERRED TO RULES `referral-committee`
- **2022-01-10** ORDERED TO THIRD READING CAL.52
- **2022-01-19** PASSED SENATE `passage`
- **2022-01-19** DELIVERED TO ASSEMBLY
- **2022-01-19** REFERRED TO BANKS `referral-committee`
- **2022-01-20** SUBSTITUTED FOR A8782
- **2022-01-20** ORDERED TO THIRD READING RULES CAL.45
- **2022-01-20** PASSED ASSEMBLY `passage`
- **2022-01-20** RETURNED TO SENATE
- **2022-01-24** DELIVERED TO GOVERNOR `executive-receipt`
- **2022-01-24** SIGNED CHAP.9 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5550792f-d61e-4288-8819-f7af39238caa`. Confidence: reported (aggregated from official New York legislature records).