S264 — Establishes pre-loan counseling requirements and borrower rights of recission for reverse mortgage loans.

S264 — Establishes pre-loan counseling requirements and borrower rights of recission for reverse mortgage loans. · Informed CitizenryS264 aims to strengthen protections for residents who take out reverse mortgages. Currently, these complex financial products can be challenging to understand, so this bill requires lenders to prov…Open in Informed Citizenry