S1420 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.

S1420 — Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods. · Informed CitizenrySenate Bill No. 1420 exempts reverse mortgage transactions from the requirement that secondary mortgage loan payments be made in equal amounts and payment periods. Currently, the law requires that…Open in Informed Citizenry