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A 1111

New York Assembly bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

Establishes a reverse mortgage loan program for seniors and requires counseling.

Bill ID NY-2025-2026-A-1111
Session 2025-2026
Status in_committee
Committee Housing
Assembly in_committee 2026-01-07
Summary

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 assistance to applicants; requires independent counseling in compliance with HUD regulations; directs the state of New York mortgage agency to issue an annual report to the governor and the legislature.

Sponsor
Jo Anne Simon
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-01-09 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Assembly Committee
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