A6291 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.

A6291 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods. · Informed CitizenryThis bill amends New Jersey law regarding secondary mortgage loans to exempt reverse mortgage transactions from specific payment requirements. Currently, secondary mortgage loans must provide for t…Open in Informed Citizenry