Fabio
3.9 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||
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| Bill | Requires lenders foreclosing upon home equity conversion reverse mortgages to provide notice to the department of financial services and the mortgagors | Requires an authorized lender which seeks to foreclose upon a reverse mortgage issued under the federal home equity conversion mortgage program to provide notice thereof to the department of financial services and to the mortgagor; directs such department to provide notice to the mortgagor of legal service organizations which may assist them with the default or foreclosure; prohibits authorized lenders from making advance payment of debts upon the mortgaged real property. | us/states/ny | New York Legislature | 2019-2020 | S 4408 | New York S 4408 (2019-2020) |
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enacted |
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1 | 23 | 5 | 2019-03-11 | 2020-12-15 | openstates | ocd-bill/dc295293-2ab4-41e2-a7e4-5d0b6aee9459 | http://www.nysenate.gov/legislation/bills/2019/S4408 | 09ce32dabd2879d7dd9f0a3768664697c05ba707b718dd204994a3c5b1888ee0 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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New York S 4408 (2019-2020) — Requires lenders foreclosing upon home equity conversion reverse mortgages to provide notice to the department of financial services and the mortgagors
Requires an authorized lender which seeks to foreclose upon a reverse mortgage issued under the federal home equity conversion mortgage program to provide notice thereof to the department of financial services and to the mortgagor; directs such department to provide notice to the mortgagor of legal service organizations which may assist them with the default or foreclosure; prohibits authorized lenders from making advance payment of debts upon the mortgaged real property.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- S4408 (committee substitute) — source
Votes
- Floor Vote — 56–2 (pass) · upper
- Aging Vote — 7–0 (pass) · upper
- Assembly Vote — 100–42 (pass) · lower
- Aging Vote — 7–0 (pass) · upper
- Floor Vote — 58–3 (pass) · upper
Sponsors
- GOUNARDES — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2019-03-11 REFERRED TO AGING
referral-committee - 2019-05-14 1ST REPORT CAL.742
- 2019-05-15 2ND REPORT CAL.
- 2019-05-20 ADVANCED TO THIRD READING
- 2019-05-21 PASSED SENATE
passage - 2019-05-21 DELIVERED TO ASSEMBLY
- 2019-05-21 REFERRED TO JUDICIARY
referral-committee - 2020-01-08 DIED IN ASSEMBLY
- 2020-01-08 RETURNED TO SENATE
- 2020-01-08 REFERRED TO AGING
referral-committee - 2020-01-22 1ST REPORT CAL.225
- 2020-01-23 2ND REPORT CAL.
- 2020-01-27 ADVANCED TO THIRD READING
- 2020-01-29 PASSED SENATE
passage - 2020-01-29 DELIVERED TO ASSEMBLY
- 2020-01-29 REFERRED TO JUDICIARY
referral-committee - 2020-07-21 SUBSTITUTED FOR A5627
- 2020-07-21 ORDERED TO THIRD READING RULES CAL.230
- 2020-07-22 PASSED ASSEMBLY
passage - 2020-07-22 RETURNED TO SENATE
- 2020-12-03 DELIVERED TO GOVERNOR
executive-receipt - 2020-12-15 SIGNED CHAP.337
executive-signature - 2020-12-15 APPROVAL MEMO.43
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/dc295293-2ab4-41e2-a7e4-5d0b6aee9459. Confidence: reported (aggregated from official New York legislature records).