HR 1297 · 105th Congress · Housing and Community Development

Senior Homeowner Reverse Mortgage Protection Act

Introduced 1997-04-10· Sponsored by Rep. Lazio, Rick [R-NY-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Opportunity.(1997-04-25)

Plain Language Summary

[AI summary unavailable — showing source text] Senior Homeowner Reverse Mortgage Protection Act - Amends the National Housing Act with respect to home equity conversion mortgages to: (1) require full disclosure to the mortgagor of all mortgage costs, including estate planning, financial advice, or other related costs; and (2) provide for imposition of restrictions by the Secretary of Housing and Urban Development to ensure that the mortgagor is not charged for such costs.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (7)

5 Democrats2 Republicans