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A07589 Summary:

BILL NOA07589
 
SAME ASSAME AS S02758-A
 
SPONSORLupardo
 
COSPNSR
 
MLTSPNSR
 
Amd 280 & 280-a, RP L
 
Adds new conditions on authorized lenders of reverse mortgages including: delivery of a plain language notice, providing the borrower with a reverse mortgage worksheet guide and counseling, and a lapse of seven days between the reverse mortgage counseling and acceptance of the borrower's final application.
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