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S886Senate2011-2012 SessionSame asA7329

Prohibits compensation based on home loan terms by a mortgage broker or mortgage lender

Sponsor Liz KruegerSD-26+1 co-sponsorAffects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Liz Krueger

Senator · Senate District 26

History

  1. Signed chap.404
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading rules cal.381
  6. Substituted for A7329
  7. Referred to banks
  8. Delivered to assembly
  9. Passed senateVote 59–1
  10. Advanced to third reading
  11. 2nd report cal.
  12. 1st report cal.314
Show 4 earlier actions
  1. Notice of committee consideration - withdrawn
  2. Notice of committee consideration - requested
  3. Referred to banks
  4. Referred to banks

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A7329Assembly

Prohibits compensation based on home loan terms by a mortgage broker or mortgage lender

Assembly Floor Calendar · Sponsor Inez Barron

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S886

Title of bill

CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment to section 2 of article 6 of the constitution, in relation to persons appointed to the court of appeals, and proposing an amendment to section 25 of article 6 of the constitution, in relation to service by retired justices and requiring judges of the court of appeals to retire at age 80

Purpose of bill

To raise from 76 to 80 the maximum age that retired judges may be certified to continue to serve, and to raise the retirement age for judges of the Court of Appeals.

Summary of provisions of bill

Amends subdivision (e) of section 2 of Article 6 and subdivision (b) of section 25 of Article 6 of the New York State Constitution to increase the maximum age for which a judge, justice or retired justice can serve.

Justification

The State Constitution requires judges to retire at the end of the calendar year in which they turn 70. It also authorizes judges to be certified to continue to serve up to three times in two year increments, until age 76. The certification must find that that his or her services are necessary to expedite the business of the Court, and that he or she is physically and mentally competent to fully perform the duties of the office.

This constitutional amendment would raise the age through which retired judges can continue to serve from 76 to 80, allowing the State to retain experienced and able judges who are willing to work. In addition, this measure would change the retirement age for judges of the Court of Appeals from 70 to 80, provided that no judge could be appointed to the Court of Appeals after they have reached the last day of December of the year in which they turn 70, consistent with the existing constitutional provision.

In 1999, The Office of Court Administration's Task Force on Mandatory Retirement of Judges concluded that "it is in the best interests of the judiciary and the people of the State of New York to amend the laws governing mandatory retirement of judges." The two recommendations made in that, report - creation of a "senior status" and expansion of the certification process to judges not covered by it - were not acted upon.

This measure takes a different approach - amending the Constitution to increase the age until which judges can be certified from 76 to 80. Raising the age that retired judges can serve from 76 to 80 will

enable the state judiciary to continue to benefit from the service of many dedicated, experienced and productive judges currently being lost.

In addition, this bill provides that Court of Appeals judges would be able to serve out the end of their fourteen years terms without being required to retire at age 70, although appointment past the age of 70 would not be possible.

Legislative history

S.5827 of 2011: Passed Senate and Assembly. Delivered to Secretary of State

Fiscal implications for state and local governments

None anticipated.

Effective date

RESOLVED (if the Assembly concur), That the foregoing be referred to the first regular legislative session convening after the next succeeding general election of members of the assembly, and, in conformity with section 1 of article 19 of the constitution, be published for 3 months previous to the time of such election.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.