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
Legislative Analysis and Commentary
New HECM Disclosure Proposed In NY Bill
You must be logged in to view this content.
New York Passes Foreclosure Abuse Prevention Act
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
Telephone/Video Counseling Extended In Massachusetts
Massachusetts Lt. Governor Karen Polito signed legislation into law last weekend that reinstates telephone/video counseling through March 31, 2023. The last extension expired on July 15. NRMLA extends … more Telephone/Video Counseling Extended In Massachusetts
Telephone/Video Counseling Extended in Massachusetts
Massachusetts Governor Charlie Baker signed a supplemental spending bill that reinstates video and telephone counseling for reverse mortgage borrowers until July 15, 2022. The Massachusetts Division of Banks … more Telephone/Video Counseling Extended in Massachusetts
NRMLA Submits Letter to PA Lawmakers
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
NY and MA Reverse Mortgage Legislative Updates
You must be logged in to view this content.
In-Person Counseling to Resume In Massachusetts
The Massachusetts Division of Banks has notified licensees that in-person counseling will resume for reverse mortgages “originated from December 15, 2021.” The Division of Banks is defining “originated … more In-Person Counseling to Resume In Massachusetts
New York Governor Signs Reverse Mortgage Co-op Bill
NRMLA is pleased to report that New York Governor Kathy Hochul signed legislation into law that permits reverse mortgages on cooperative housing for persons aged 62 and older. … more New York Governor Signs Reverse Mortgage Co-op Bill
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
[Page 1 of 4 ]