SB534 — Relating to allowable claims of equity in a property that is subject to a reverse mortgage; declaring an emergency.

SB534 — Relating to allowable claims of equity in a property that is subject to a reverse mortgage; declaring an emergency. · Informed CitizenrySB 534 amends ORS 86A.196 to modify the rules regarding equity claims in reverse mortgages. The bill specifies that a lender who provides a lump sum for a reverse mortgage can only claim a percenta…Open in Informed Citizenry