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Home » Reference Section » Industry News & Reference » Legislation » Page 5

Legislation

In this Section

  • Federal Legislation
    • Bill Search: Reverse Mortgages
    • Congressional Oversight
    • Hearings
    • HECM Legislative History
    • Legislative Analysis and Commentary
  • State / Local Legislation
    • Legislative Analysis and Commentary
    • State Legislative Tracking Chart

Illinois RM Bill implements Cooling Off Period and Educational Documents

Illinois Governor Bruce Rauner (R ) signed legislation into law that would implement a 3-day “cooling-off” period, impose restrictions on the cross-selling of insurance products, create new borrower … more Illinois RM Bill implements Cooling Off Period and Educational Documents

Posted on 08/17/2015 Categories State / Local

Rhode Island Amends Reverse Mortgage StatuteMembers Only

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Posted on 07/21/2015 Categories State / Local

Utah Enacts Reverse Mortgage Legislation

The Utah state legislature recently passed the Utah Reverse Mortgage Act, which was signed into law on March 27 by Governor Gary Herbert. The bill, S.B. 120, includes … more Utah Enacts Reverse Mortgage Legislation

Posted on 04/10/2015 Categories State / Local

F2F Counseling Remains In Effect in MAMembers Only

The Massachusetts legislature this week failed to restore a two-year delay for mandatory face-to-face counseling.

Posted on 01/08/2015 Categories State / Local

State of Georgia Bans Two Lenders for Employing Felons

The Georgia Department of Banking and Finance barred lenders from ever again applying for mortgage banker or mortgage broker licenses. Find out why.

Posted on 10/13/2014 Categories State / Local

California Governor Approves Reverse Mortgage Consumer Protection Bill

California Gov. Jerry Brown signed a new consumer protection bill that imposes a 7-day “cooling off” period between the time a borrower is counseled and the application begins.

Posted on 10/06/2014 Categories Legislative Analysis and Commentary

Massachusetts In-Person Counseling Requirements

Massachusetts’ Division of Banks confirmed with NRMLA’s outside legal counsel that those seniors who received counseling on or before July 31, do not have to be re-counseled in-person.

Posted on 08/27/2014 Categories Counseling, Legislative Analysis and Commentary

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