Fabio
75 lines
2.9 KiB
Markdown
75 lines
2.9 KiB
Markdown
---
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type: "Bill"
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title: "Relates to requirements for coverage by mortgage guaranty insurance"
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description: "Relates to mortgage guaranty insurance; removes requirement that mortgage guaranty insurers restrict their coverage, net of applicable reinsurance, to twenty-five percent of the total indebtedness to an insured."
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jurisdiction: "us/states/ny"
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legislature: "New York Legislature"
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session: "2017-2018"
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identifier: "S 1478"
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citation: "New York S 1478 (2017-2018)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["SEWARD"]
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version_count: 2
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action_count: 13
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vote_count: 3
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first_action: "2017-01-09"
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last_action: "2017-10-23"
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source: "openstates"
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source_identifier: "ocd-bill/342fcde2-8d7a-4848-928d-5afc3aef0f78"
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source_url: "http://www.nysenate.gov/legislation/bills/2017/S1478"
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source_hash: "c3a7fe07381d1d071b79a0e6423810a6502213222f2f2a12b338295d3caaf629"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ny"]
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---
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# New York S 1478 (2017-2018) — Relates to requirements for coverage by mortgage guaranty insurance
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Relates to mortgage guaranty insurance; removes requirement that mortgage guaranty insurers restrict their coverage, net of applicable reinsurance, to twenty-five percent of the total indebtedness to an insured.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **S1478 HTML** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S1478&term=2017&Text=Y)
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2. **S1478 PDF** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2017/S1478)
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## Votes
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- Assembly Vote — **142–0** (pass) · lower
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- Floor Vote — **60–2** (pass) · upper
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- Insurance Vote — **18–0** (pass) · upper
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## Sponsors
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- SEWARD — primary (person)
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- BRESLIN — cosponsor (person)
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- LARKIN — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-01-09** REFERRED TO INSURANCE `referral-committee`
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- **2017-05-01** 1ST REPORT CAL.673
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- **2017-05-02** 2ND REPORT CAL.
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- **2017-05-03** ADVANCED TO THIRD READING
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- **2017-05-16** PASSED SENATE `passage`
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- **2017-05-16** DELIVERED TO ASSEMBLY
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- **2017-05-16** REFERRED TO INSURANCE `referral-committee`
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- **2017-06-13** SUBSTITUTED FOR A1953
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- **2017-06-13** ORDERED TO THIRD READING RULES CAL.208
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- **2017-06-13** PASSED ASSEMBLY `passage`
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- **2017-06-13** RETURNED TO SENATE
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- **2017-10-11** DELIVERED TO GOVERNOR `executive-receipt`
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- **2017-10-23** SIGNED CHAP.373 `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/342fcde2-8d7a-4848-928d-5afc3aef0f78`. Confidence: reported (aggregated from official New York legislature records).
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