Reverse Mortgage Proceeds Protection Act
To prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers, and for other purposes.
Other Bill Titles (2 more) 4/10/2008--Introduced.
Reverse Mortgage Proceeds Protection Act - Amends the National Housing Act of 1937 to modify the eligibility criteria for insurance of home equity conversion mortgages (reverse mortgages) of elderly home owners. Excludes from the third party adequate counseling r... moreSee Full Bill Text
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Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| April 10, 2008 |
In the News
May 01, 2008 LETTER: Use reverse mortgages for clean power
... letting Congressman Frank know that his current reverse mortgage legislation, HR 5758, could include a provision creating a clean energy reverse mortgage.
Blog Coverage
May 09, 2008 Late breaking news
Your Free Credit Reports - Sponsored Link. Ad - View All 3 Credit Scores and Credit Reports Online Now. See it for $0. Watch the May 6 episode. Find an apartment - Find a car - Find a home - Find a job - Find a mortgage - Find a ...
May 09, 2008 Late breaking news
Your Free Credit Reports - Sponsored Link. Ad - View All 3 Credit Scores and Credit Reports Online Now. See it for $0. Watch the May 6 episode. Find an apartment - Find a car - Find a home - Find a job - Find a mortgage - Find a ...
Source: home.leaderrealestate.info
May 09, 2008 Late breaking news
Your Free Credit Reports - Sponsored Link. Ad - View All 3 Credit Scores and Credit Reports Online Now. See it for $0. Watch the May 6 episode. Find an apartment - Find a car - Find a home - Find a job - Find a mortgage - Find a ...
Source: home.freerealestateguides.info








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