ยง 131-x. Reverse mortgage loans. Notwithstanding any other
inconsistent provisions of law and to the extent permissible under
federal law, regulation or waiver, the proceeds of a reverse mortgage
loan made in conformity with the requirements of section two hundred
eighty or two hundred eighty-a of the real property law or exempted
therefrom pursuant to subdivision four of section two hundred eighty or
subdivision four of section two hundred eighty-a of the real property
law shall not be considered as income or resources of the mortgagor for
any purpose under any law relating to food stamps, public assistance,
veteran assistance, safety net assistance, low-income home energy
assistance, federal supplemental security income benefits and/or
additional state payments, medical assistance, any prescription drug
plan or other payments, allowances, benefits or services available
pursuant to this chapter; provided, however, that for applicants or for
recipients of safety net assistance, any such reverse mortgage loan
proceeds shall be disregarded as income and/or resources only in the
event that, and for so long as, federal laws and regulations exempt loan
proceeds in the determination of eligibility for both the aid to
families with dependent children and supplemental security income
programs.
Structure New York Laws
Article 5 - Assistance and Care
131 - Assistance, Care and Services to Be Given.
131-A - Monthly Grants and Allowances of Public Assistance.
131-AA - Monthly Statistical Reports.
131-AAA - Availability of Adverse Childhood Experiences Services.
131-BB - Family Homelessness and Eviction Prevention Supplement Program.
131-C - Inclusion of Parents and Siblings of a Minor in the Public Assistance Household.
131-D - Substance Abuse Rehabilitative and Preventive Services.
131-E - Family Planning Services.
131-F - Retroactive Social Security Benefit Increases.
131-G - Authority to Accept Public and Private Gifts.
131-H - Authority to Operate Family Homes for Adults.
131-I - Social Services Districts; Agreements.
131-I*2 - Family Loan Program.
131-J - Certain Utility Deposits.
131-K - Undocumented Noncitizens.
131-L - Exclusion of Agent Orange Benefits.
131-M - Information on Resource Referral Services.
131-N - Exemption of Income and Resources.
131-O - Personal Allowances Accounts.
131-P - Group Health Insurance Benefits; Condition of Eligibility.
131-Q - Electronic Payment File Transfer System Pilot Project.
131-R - Liability for Reimbursement of Public Assistance Benefits.
131-U - Domestic Violence Services.
131-V - Temporary Emergency Shelter.
131-W - Limitations in the Payment of Rent Arrears.
131-X - Reverse Mortgage Loans.
131-Z - Child Assistance Program.
131-ZZ - Child Poverty Reduction.
132 - Investigation of Applications.
132-A - Children Born Out of Wedlock; Special Provisions.
133 - Temporary Preinvestigation Emergency Needs Assistance or Care.
133-A - Contracts for Distribution of Public Assistance Grants.
134-A - Conduct of Investigation.
134-B - Front End Detection System.
134-C - Requirement to Publicly Post Information.
135 - Cooperation of Public Welfare Officials.
136 - Protection of Public Welfare Records.
136-A - Information From State Tax Commission and the Comptroller.
137 - Exemption From Levy and Execution.
138-A - Responsibility of the Department for Recipients in Family Care.
139-A - Special Provisions to Avoid Abuse of Assistance and Care.
142 - Exclusiveness of Eligibility Requirements.
143-B - Avoidance of Abuses in Connection With Rent Checks.
143-C - Avoidance of Abuses in Connection With Rent Security Deposits.
144-A - Information to Be Given to Officials of the Department and of Social Services Districts.
145-B - False Statements; Actions for Treble Damages.
146 - Penalty for the Sale or Exchange of Assistance Supplies.
148 - Penalty for Unlawfully Bringing a Needy Person Into a Public Welfare District.
149 - Penalty for Bringing a Needy Person Into the State.
150 - Penalty for Neglect to Report or for Making False Report.
152-A - Burial Reserves for Certain Recipients of Public Assistance or Care From Assigned Assets.
152-B - Surplus After Recovery of Cost of Public Assistance and Care; Unclaimed Funds.