S4970 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.

S4970 — 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 be structured…Open in Informed Citizenry