26efdaaa__Standing_Committee_on_Housing__SUBJECT
[BILL #] A.8029 [SPONSOR] Rules (Lopez) [SUBJECT] 
Would allow the State of New York Mortgage Agency ("SONYMA") to issue and insure second mortgages for down payment and closing cost assistance to potential home owners. Would also allow that the term "mortgage" would also include a loan owed to a bank secured by a second lien (under certain limited circumstances), provided that the second lien secures a loan purchased by the agency and is made at the same time as a first lien securing a loan purchased by the agency.
2003 Annual Report of the NYS Assembly Standing Committee on Housing
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