S1420 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.

S1420 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods. · Informed CitizenrySenate Bill S1420 proposes to modify existing lending rules by exempting reverse mortgage transactions from specific requirements regarding how secondary mortgage loan payments must be structured.…Open in Informed Citizenry