Bill
Bill > S07541
NY S07541
NY S07541Facilitates the purchase by the state of New York mortgage agency of mortgages on manufactured homes.
summary
Introduced
06/05/2023
06/05/2023
In Committee
06/09/2023
06/09/2023
Crossed Over
06/09/2023
06/09/2023
Passed
10/13/2023
10/13/2023
Dead
Signed/Enacted/Adopted
10/25/2023
10/25/2023
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the public authorities law, in relation to facilitating the purchase by the state of New York mortgage agency of mortgages on manufactured homes
AI Summary
This bill amends the Public Authorities Law to facilitate the purchase by the State of New York Mortgage Agency (SONYMA) of mortgages on manufactured homes. Specifically, it expands the definition of "mortgage" to include loans secured by tangible personal property constituting modular or manufactured housing, and it updates various provisions related to the eligibility and requirements for these types of mortgages to be insured by SONYMA. The bill aims to address the shortage of adequate funds to assist in the purchase of existing modular and manufactured housing.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
SIGNED CHAP.605 (on 10/25/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S7541 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07541&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07541 |
Loading...