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- H.R.1297
H.R.1297: Senior Homeowner Reverse Mortgage Protection Act
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about law
- Introduced April 10, 1997
- Latest Major Action April 25, 1997
Bill Sponsor
Bill Cosponsors
7 (5 Democrats, 3 Republicans)
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Banking and Financial Services.
|
|
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Referred to the Subcommittee on Housing and Community Opportunity.
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| April 10, 1997 |
Introduced in the House by Rick Lazio (R-N.Y.) |