Legislation
- Title
- Reverse Mortgages - Property Tax and Insurance Payments - Notice
- Sponsored by
- Senator Ready
- Status
- In the Senate - Withdrawn by Sponsor
- Analysis
- Fiscal and Policy Note
Synopsis
Authorizing a borrower under a reverse mortgage loan to designate a person to whom specified notice must be sent by the reverse mortgage lender; requiring a reverse mortgage lender to send a copy of a specified notice to a person designated by the reverse mortgage borrower; requiring a reverse mortgage lender to send a specified notice to a reverse mortgage borrower and a specified person designated by the borrower 30 days after the lender makes a payment for specified property taxes or insurance; etc.
Committees
- Original:
- Finance
Details
Bill File Type: Regular
Effective Date(s): October 1, 2017
History
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File Code
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Subjects
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Statutes
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(
12-1206 )
Last Updated: 2/3/2020 2:35 PM