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State / Local
MA Lawmakers Approve Telephone/Video Counseling Extension
Massachusetts lawmakers passed legislation (SB 2472) that allows reverse mortgage borrowers to continue being counseled by phone or video through December 15, 2021. During the extension period, … more MA Lawmakers Approve Telephone/Video Counseling Extension
NRMLA Urges MA Lawmakers to Pass Counseling Bill
NRMLA submitted a letter to the leadership of the Massachusetts legislature urging lawmakers to expedite the passage of House Bill 1146, which would permanently allow video or telephonic … more NRMLA Urges MA Lawmakers to Pass Counseling Bill
State Update: MN Amends Reverse Mortgage Servicing Requirements
Minnesota Governor Tim Walz recently signed into law House File 333 (HF 333), which amends the state’s reverse mortgage loan statute to, among other things, require reverse mortgage … more State Update: MN Amends Reverse Mortgage Servicing Requirements
Advocacy Update-NRMLA Testifies Second Time in Maryland
For the second time in two weeks, NRMLA President Steve Irwin testified before the Maryland Assembly in favor of a reverse mortgage bill that would help expand reverse … more Advocacy Update-NRMLA Testifies Second Time in Maryland
NY Amends Servicing Requirements for HECMs
by Weiner Brodsky Kider New York recently enacted Senate Bill 884 (SB 884), which amends the HECM servicing requirements under the newly added section 280-d of the New York Real … more NY Amends Servicing Requirements for HECMs
NRMLA President Testifies Before Maryland Lawmakers
NRMLA President Steve Irwin testified this week before the Senate Finance Committee in the Maryland General Assembly in favor of a reverse mortgage bill that would help expand … more NRMLA President Testifies Before Maryland Lawmakers
Important Updates to New York Reverse Mortgage RegulationsMembers Only
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HECM Foreclosure Bill Advances in NY Legislature
New York lawmakers this week passed legislation that would provide additional protections for HECM borrowers who are facing foreclosure. Assembly Bill 5627/Senate Bill 4408 will be sent to … more HECM Foreclosure Bill Advances in NY Legislature
Colorado Adopts Retirement Savings Program
Nearly a million Colorado workers who lack a retirement savings plan at work will soon gain that benefit under a bill that Gov. Jared Polis signed into law … more Colorado Adopts Retirement Savings Program