Bill
Bill > A05095
NY A05095
NY A05095Requires VA home loan training in the required training for real estate brokers.
summary
Introduced
02/12/2025
02/12/2025
In Committee
02/12/2025
02/12/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the real property law, in relation to requiring VA home loan training in the required training for real estate brokers
AI Summary
This bill amends the New York Real Property Law to require real estate brokers to complete one additional hour of continuing education training specifically focused on VA Home Loans during their license renewal period. Currently, real estate professionals must complete 22.5 hours of continuing education every two years, which includes training on various topics like cultural competency, fair housing, and ethical practices. The bill defines a VA Home Loan as any loan defined under 38 U.S. Code § 3710, which relates to home loans guaranteed by the Department of Veterans Affairs. By mandating this specific training, the bill aims to ensure that real estate professionals are knowledgeable about VA Home Loans, which can help veterans better understand and access home financing options. The new requirement will be part of the existing continuing education framework for real estate license renewals, and the change will take effect immediately upon enactment.
Committee Categories
Justice
Sponsors (1)
Last Action
referred to judiciary (on 02/12/2025)
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/2025/A5095 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05095&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05095 |
Loading...