HR 1297 · 105th Congress · Housing and Community Development
Senior Homeowner Reverse Mortgage Protection Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: 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