State / Local

NRMLA sent a letter to New York Assemblyman David I. Weprin in response to legislation (Assembly Bill 5877) that he introduced that would impact reverse mortgage companies. Among … more NRMLA Reached Out to NY Assemblyman

Massachusetts Governor Maura Healy signed legislation into law this week that allows prospective reverse mortgage borrowers to be counseled by telephone and/or video through March 31, 2024. The … more MA Extends Virtual Counseling For Another Year

Utah Governor Spencer Cox signed legislation (HB 94) into law that lowers the minimum borrower age for proprietary reverse mortgage borrowers from 62 to 55 and changes the … more Utah Makes Improvements to Reverse Mortgage Law

NRMLA President Steve Irwin submitted a letter to the President of the Massachusetts Senate, state Senator Karen Spilka, urging her to support legislative efforts to allow borrowers to … more NRMLA Urges MA Lawmaker to Support Telephone/Video Counseling

By Weiner Brodsky Kider On December 30, New York Governor Kathy Hochul signed Assembly Bill 7737B, which will disallow lenders and servicers conducting business in New York from … more New York Passes Foreclosure Abuse Prevention Act

NRMLA sent a letter to 18 lawmakers in Pennsylvania who have co-sponsored legislation (House Bill 2316) that would implement new counseling requirements. While NRMLA is generally supportive of … more NRMLA Submits Letter to PA Lawmakers