Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 23, 2016 |
referred to rules |
Senate Bill S8233
2015-2016 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S8233 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10757
- Current Committee:
- Senate Rules
- Law Section:
- Banking Law
- Laws Affected:
- Amd ยง2, Bank L (as proposed in S.7183 & A.9746)
- Versions Introduced in 2017-2018 Legislative Session:
-
S982, A372
2015-S8233 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8233 I N S E N A T E December 23, 2016 ___________ Introduced by Sen. SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the banking law, in relation to allowing execution of a mortgage loan by electronic signature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 30 of section 2 of the banking law, as added by a chapter of the laws of 2016, amending the banking law relating to the definition of consummation of a mortgage loan, as proposed in legisla- tive bills numbers S.7183 and A.9746, is amended to read as follows: 30. Consummation of a mortgage loan. The term "consummation of a mort- gage loan" means, for purposes of the act of congress entitled Truth in Lending Act and the regulations thereunder and the Real Estate Settle- ment Procedures Act of 1974, as amended, and the regulations thereunder, when the applicant for the mortgage loan executes the promissory note and mortgage INCLUDING BY ELECTRONIC SIGNATURE, IN ACCORDANCE WITH APPLICABLE FEDERAL AND STATE LAWS, RULES, AND REGULATIONS. S 2. This act shall take effect on the same date and in the same manner as a chapter of the laws of 2016, amending the banking law relat- ing to the definition of consummation of a mortgage loan, as proposed in legislative bills numbers S.7183 and A.9746, takes effect. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14851-02-6
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