State/Local Legislation
The following state bills directly impact the reverse mortgage industry.
State Legislative Tracking Chart
November 9, 2007
NRMLA's State & Local Issues Committee has drafted the following document to track state legislation and/or regulations that impact reverse mortgages (either directly or indirectly).
State Regulatory Update (Eastern States Only)
May 1, 2007
The memo summarizes mortgage licensing updates, new state laws, as well as selected regulatory updates published within the past year by the U.S. Department of Housing and Urban Development.
New California Law Could Be Duplicated Elsewhere
November 7, 2006
California's recent enactment of Senate Bill 1609, which takes effect on January 1, 2007, should be a wake-up call for our industry. Reverse mortgages are slowly, but surely, attracting the attention of state policymakers, who may or may not know exactly how a reverse mortgage works.
All materials copyrighted © 2008 National Reverse Mortgage Lenders Association.