Last week, NRMLA encouraged members in Oregon to communicate with their state senators to express concerns about Senate Bill 534 and the impact it may have on the continued … more NRMLA Coordinates Oregon Letter-Writing Campaign
Legislative Analysis and Commentary
NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
NRMLA, with input from the Executive Committee, submitted comments this week to the sponsors of Oregon Senate Bill 534. SB 534 caps the percentage of equity a reverse mortgage … more NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
State and Local Issues Committee to Review Pending Bills
Legislation has been introduced in Oregon, New York and Hawaii that would impact reverse mortgage companies. Oregon Senate Bill 534 caps the percentage of total equity a reverse … more State and Local Issues Committee to Review Pending Bills
Reverse Borrowers to Benefit from FL Tax Law Change
Florida Governor Ron DeSantis signed legislation (House Bill 7073) that amends existing law by basing the state’s documentary stamp tax on the principal limit of a reverse mortgage … more Reverse Borrowers to Benefit from FL Tax Law Change
Telephone/Video Counseling Made Permanent in MA
Massachusetts Governor Maura Healy signed a Supplemental Budget Bill this week that includes provisions to authorize reverse mortgage counseling via synchronous real-time video conference or telephone on a … more Telephone/Video Counseling Made Permanent in MA
NRMLA Submits Letters of Support
House Bill 7073 and Senate Bill 7074 would amend existing law by basing the state’s documentary stamp tax on the principal limit instead of the maximum claim amount … more NRMLA Submits Letters of Support
Association Responds to NJ Bill Requiring Face-to-Face Counseling
NRMLA, through its State and Local Issues Committee, sent a letter to New Jersey state Senator Shirley K. Turner that addressed concerns over a proposed bill that she … more Association Responds to NJ Bill Requiring Face-to-Face Counseling
New CO Law Protects Borrowers Impacted By Disasters
Colorado Governor Jared Polis signed legislation (House Bill 1266) into law on June 7 that provides new protections for reverse mortgage borrowers who have to vacate their properties … more New CO Law Protects Borrowers Impacted By Disasters
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