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NRMLA Coordinates Oregon Letter-Writing Campaign

NRMLA Coordinates Oregon Letter-Writing Campaign

Last week, NRMLA encouraged members in Oregon to communicate with their state senators to express concerns about Senate Bill 534 and the impact it may have on the continued availability of proprietary reverse mortgages.

SB 534 caps the percentage of equity a reverse mortgage lender could recoup upon a property sale or transfer.

What’s next: While the sponsors of SB 534 have promised to amend the legislation so that it’s less onerous, until confirmation is received that such changes have been made, NRMLA will continue to monitor the bill’s status and seek members’ assistance, if necessary.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.