Exempts Reverse Mortgages from Equal Payment Rule

1. Introduceddone
2. Committeedone
3. Senatedone
4. Assemblydone
5. Governorcurrent step

Would exempt reverse mortgages from a rule requiring secondary mortgage loan payments to be equal amounts on set schedules. The exemption would apply to reverse mortgage transactions only.

Sponsor details for this state bill are at the source link.

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