Directs the superintendent of financial services to study the feasibility of 40- and 50-year mortgages in New York.

The bill directs the superintendent of financial services to conduct a study on the feasibility of 40- and 50-year fixed rate mortgages in New York. The study will evaluate potential benefits and risks, the number of New Yorkers these mortgages could help, barriers to offering such mortgages, and any other relevant information. The superintendent must submit a report within one year to various state officials and committees. The superintendent can require state officers to provide necessary data for the study.

Directs the superintendent of financial services to study the feasibility of 40- and 50-year mortgages in New York.

The bill directs the superintendent of financial services to conduct a study on the feasibility of 40- and 50-year fixed rate mortgages in New York. The study will evaluate potential benefits and risks, the number of New Yorkers these mortgages could help, barriers to offering such mortgages, and any other relevant information. The superintendent must submit a report within one year to various state officials and committees. The superintendent can require state officers to provide necessary data for the study.