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A06883 Summary:
| BILL NO | A06883 |
| SAME AS | SAME AS S01246 |
| SPONSOR | Bronson |
| 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. | |