Relates to enacting additional conditions on authorized lenders of reverse mortgages
Summary
Adds new conditions on authorized lenders of reverse mortgages including: delivery of a plain language notice, providing the borrower with a reverse mortgage worksheet guide and counseling, and a lapse of seven days between the reverse mortgage counseling and acceptance of the borrower's final application.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2021
Last action Jan 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 5, 2022
Committee
REFERRED TO AGING
upper
Jan 26, 2021
Committee
REFERRED TO AGING
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
SS
Sue Serino
RRepublican
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