New York 2025 Session Status: Introduced

S5311 — Relates to mortgage guaranty insurance

Last action — In Assembly Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced February 20, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill allows withdrawals from the contingency reserve of mortgage guaranty insurance under certain conditions.

This legislation pertains to mortgage guaranty insurance and permits the superintendent to allow withdrawals from the contingency reserve if they do not harm policyholders. It aims to provide more flexibility regarding financial reserves.

Summary

Relates to mortgage guaranty insurance; allows for withdrawals from the contingency reserve if the superintendent determines that such withdrawals will not be harmful to policy holders.

Bill Text

Action History

  1. REFERRED TO INSURANCE

  2. DELIVERED TO ASSEMBLY

  3. PASSED SENATE

  4. ADVANCED TO THIRD READING

  5. 2ND REPORT CAL.

  6. 1ST REPORT CAL.702

  7. REFERRED TO INSURANCE

  8. COMMITTED TO RULES

  9. ADVANCED TO THIRD READING

  10. 2ND REPORT CAL.

  11. 1ST REPORT CAL.424

  12. REFERRED TO INSURANCE

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

Show all 218 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S5311 do?
Relates to mortgage guaranty insurance; allows for withdrawals from the contingency reserve if the superintendent determines that such withdrawals will not be harmful to policy holders.
Who sponsors S5311?
S5311 is sponsored by Jamaal Bailey.
What is the current status of S5311?
This bill has been introduced in the Senate. Introduced February 20, 2025. It must pass committee before a floor vote.
Where can I track S5311?
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Last checked for changes 3 months ago · updated continuously

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