H.R.5758 - Reverse Mortgage Proceeds Protection Act Sponsor: Barbara Lee / 110th Congress

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Title
110th Congress - To prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers, and for other purposes. hidemore...
Summary
To prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers, and for other purposes. (by CRS)
Status
The bill has been introduced.

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