Bill 2502-A, which amends RPAPL §1302, may very well have had benign intentions, but the end result will likely render impossible both the making of home loan mortgages and the foreclosure of such mortgages. While this may sound like hyperbole, a careful examination of the changes will provide an explanation.

In essence, the new law imposes subprime and high cost home loan constraints and prohibitions upon all home loans, even those not of in the subprime or high coast category.