S.2490 - Reverse Mortgage Proceeds Protection Act

A bill 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. view all titles (2)

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All Bill Titles

  • Official: A bill 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. as introduced.
  • Short: Reverse Mortgage Proceeds Protection Act as introduced.

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News Coverage

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Blog Coverage

04/26/08
Reverse Your Mortgage: FHA MODERNI...

April 10, 2008 Senator Claire McCaskill (D-MO) was successful at getting her reverse mortgage bill (S. 2490) added to S. 3221. The Revers...

Source: Reverse Your Mortgage
04/25/08
Senator Wants Look At Reverse Mort...

Sen Claire McCaskill(D-MO), the author of S. 2490 — the Reverse Mortgage Proceeds Protection Act — a bill that would end the “marke...

Source: Reverse Mortgage Guide
04/11/08
HECM Protections Stall On Capitol ...

... in Washington — has had so little success with reverse mortgage legislation. Provisions to lower reverse mortgage costs and to enha...

Source: Hipotecas inversas de investigación
02/05/08
New Effort To Limit Annuities

S. 2490 — the Reverse Mortgage Proceeds Protection Act — was introduced in December by Sen Claire McCaskill(D-MO). The bill would get...

Source: Loan News
02/05/08
New Effort To Limit Annuities | Re...

S. 2490 — the Reverse Mortgage Proceeds Protection Act — was introduced in December by Sen Claire McCaskill(D-MO). The bill would get...

Source: Reverse Mortgage Guide
12/13/07
Bill Action: Introduced: S. 2490: ...

Claire McCaskill [D-MO] introduced S. 2490: A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seni...

Source: Active Legislation -- Tracked by GovTrack.us
12/13/07
S. 2490, A bill to prohibit author...

S. 2490 would prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proc...

Source: washingtonwatch.com - Welcome to washingtonwatc...
12/13/07
Bill Introduced: S.2490 A bill to ...

A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds...

Source: Open Congress : Senate Banking, Housing,...
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