A4753 — Establishes pre-loan counseling requirements and borrower right of rescission for reverse mortgage loans.

A4753 — Establishes pre-loan counseling requirements and borrower right of rescission for reverse mortgage loans. · Informed CitizenryThis bill establishes requirements for reverse mortgage loans in New Jersey. It requires lenders to provide borrowers with a written checklist of topics to discuss with a counselor, including the i…Open in Informed Citizenry