NRMLA submitted a letter to the sponsors of Pennsylvania House Bill 1882, which would require the font size on all reverse mortgage contracts and disclosures be no smaller than 16-point.
What they’re saying: “As written, it is unclear exactly which documents must be in 16-point font or larger. If this is only loan documents (the note, loan agreement, security instrument) and Pennsylvania-required disclosures, this will require lenders to reformat and make changes but likely would not cause further problems beyond making the documents much longer for the borrowers to page through,” says NRMLA’s letter.
On the other hand, requiring federal forms and disclosures, such as the Good Faith Estimate (GFE) and HUD-1 Settlement Statement, to be 16-point font or larger, would be problematic, adds NRMLA. Also, it is unclear whether processing and underwriting documents used by lenders would have to be updated.
Bottom line: In its letter, NRMLA requested that the bill be revised to only increase the font size of the reverse mortgage note, loan agreement, security instrument and Pennsylvania disclosures.
This was the third communication sent by NRMLA to Pennsylvania lawmakers in 2025. Over the summer, NRMLA submitted a letter seeking revisions to a bill (HB 1466) that would have updated reverse mortgage counseling procedures. That bill passed the state House of Representatives but has not progressed any further in the Senate.
