New York S 767: Relates to school climate and codes of conduct on school property and disciplinary action following violation of such codes of conduct; and makes conforming amendments

Bill Text

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 Speaker Carl E. Heastie

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S00767 Summary:

BILL NOS00767 

&nbsp

SAME ASSAME AS A00424

&nbsp

SPONSORCOMRIE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §35, Bank L (as proposed in S.5597-B & A.9686)

&nbsp

Relates to notice of the posting and modification of a pamphlet on residential mortgages of which such information shall be provided to mortgage bankers and banking organizations.

Go to top S00767 Actions:

BILL NOS00767 

&nbsp

01/08/2025REFERRED TO RULES

01/13/2025ORDERED TO THIRD READING CAL.41

02/04/2025SUBSTITUTED BY A424

&nbspA00424 AMEND= Weprin

&nbsp01/08/2025referred to banks

&nbsp01/14/2025reported referred to rules

&nbsp01/28/2025reported 

&nbsp01/28/2025rules report cal.65

&nbsp01/28/2025ordered to third reading rules cal.65

&nbsp02/03/2025passed assembly

&nbsp02/03/2025delivered to senate

&nbsp02/03/2025REFERRED TO RULES

&nbsp02/04/2025SUBSTITUTED FOR S767

&nbsp02/04/20253RD READING CAL.41

&nbsp02/04/2025PASSED SENATE

&nbsp02/04/2025RETURNED TO ASSEMBLY

&nbsp02/12/2025delivered to governor

&nbsp02/14/2025signed chap.10

Go to topS00767 Committee&nbspVotes:

Go to topS00767 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00767 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 767

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. COMRIE -- 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 notice of the posting of
 the what mortgage applicants need to know pamphlet on residential
 mortgages and modification of such pamphlet

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 35 of the banking law, as added by a chapter of the
 2 laws of 2024 amending the banking law relating to what mortgage appli-
 3 cants need to know pamphlet on residential mortgages, as proposed in
 4 legislative bills numbers S. 5597-B and A. 9686, is amended to read as
 5 follows:
 6 § 35. Information pamphlet for residential mortgage applicants. 1.
 7 The superintendent shall develop a pamphlet known as "what mortgage
 8 applicants need to know" and post such pamphlet on the department's web
 9 site. Such pamphlet shall be posted and printed in the six most common
 10 non-English languages spoken by individuals with limited-English profi-
 11 ciency in New York state as based on the most recent census. [Copies of
 12 such pamphlet shall be provided to all licensed lenders and banking
 13 organizations offering residential mortgage services.] The department
 14 will notify mortgage bankers and banking organizations when the pamphlet
 15 is posted on the department's web site and when any changes to the
 16 pamphlet are made. A copy of such pamphlet shall be provided by
 17 [licensed lenders,] mortgage bankers and other banking organizations to
 18 each person applying for a loan secured by a mortgage upon residential
 19 real estate in accordance with the timing requirements under 12 CFR §
 20 1026.19(e)(1)(iii). A [licensed lender,] mortgage banker or [other]
 21 banking organization may provide the applicant with the pamphlet via
 22 electronic communications, including but not limited to, electronic mail
 23 or a hyperlink to the pamphlet posted on the department's web site.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02908-01-5

 S. 767 2

 1 2. The pamphlet [and web site notice] developed pursuant to this
 2 section shall [include] be substantially in the following form, along
 3 with other information added at the discretion of the superintendent
 4 [not otherwise inconsistent with the information set forth in the
 5 pamphlet]:
 6 ""WHAT MORTGAGE APPLICANTS NEED TO KNOW"
 7 As an applicant for a residential mortgage you have the right to:
 8 1. Compare and negotiate the charges of different mortgage brokers and
 9 lenders to obtain the best loan possible.
 10 2. Ask your mortgage broker to explain such person's responsibilities
 11 within the mortgage lending process.
 12 3. Know how much the mortgage broker is compensated by you and the
 13 lender for y