S1811 — Establishes pre-loan counseling requirements and borrower right of rescission for reverse mortgage loans.

S1811 — Establishes pre-loan counseling requirements and borrower right of rescission for reverse mortgage loans. · Informed CitizenryThe bill establishes pre-loan counseling requirements and a borrower's right of rescission for reverse mortgage loans. Prior to accepting a final application or assessing fees, a lender must provid…Open in Informed Citizenry