New York A11565: Provides remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers and mortgage loan servicers under certain circumstances

What the bill says

An act to amend the banking law, in relation to providing remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers and mortgage loan servicers under certain circumstances.

From the introduced text, June 2, 2026:

AN ACT to amend the banking law, in relation to providing remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers and mortgage loan servicers under certain circumstances THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 590 of the banking law is amended by adding a new paragraph (j) to read as follows: (J) "REMOTE LOCATION" SHALL MEAN A LOCATION AT WHICH AN EMPLOYEE OF A LICENSEE, REGISTRANT, MORTGAGE LOAN SERVICER OR PERSON EXEMPT FROM LICENSING OR REGISTRATION THAT EMPLOYS A MORTGAGE LOAN ORIGINATOR LICENSED PURSUANT TO ARTICLE TWELVE-E OF THIS CHAPTER, MAY CONDUCT BUSINESS OTHER THAN THE PRINCIPAL LOCATION OR BRANCH OFFICE OF A LICENSEE, REGISTRANT, SERVICER OR EXEMPT PERSON. § 2. Paragraph (c) of subdivision 2 of section 590 of the banking law, as amended by chapter 472 of the laws of 2008, is amended to read as follows: (c) A licensee registrant or mortgage loan servicer may apply for authority to open and maintain one or more branch offices. PROVIDED, HOWEVER, NO LICENSEE, REGISTRANT OR MORTGAGE LOAN SERVICER SHALL BE REQUIRED TO APPLY FOR AUTHORITY TO OPEN AND MAINTAIN A BRANCH OFFICE WITH RESPECT TO ANY LOCATION THAT IS A REMOTE LOCATION. § …

Read the full official text

Sponsors

• Clyde Vanel (D, 33) · primary sponsor

Latest actions

1. June 2, 2026: REFERRED TO BANKS

Common questions

What is A11565?

A11565 is a bill in the New York Legislature (2025-2026 General Assembly): Provides remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers and mortgage loan servicers under certain circumstances.

What does A11565 do?

In its own words: An act to amend the banking law, in relation to providing remote work flexibilities for licensed mortgage loan originators and staff and employees of licensed mortgage bankers, registered mortgage brokers and mortgage loan servicers under certain circumstances.

What is the status of A11565?

In committee as of June 2, 2026. Latest action: REFERRED TO BANKS (June 2, 2026).

Who sponsored A11565?

Clyde Vanel (D, 33).

Where is the official record for A11565?

On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11565