NRMLA submitted a letter to lawmakers requesting a revision to Senate Bill 5686, so that it more closely matches Washington’s reverse mortgage laws. Dig Deeper: SB 5686 would, … more NRMLA Seeks Revision to WA State Legislation
Federal and State Legislation
NRMLA Submits Letter Opposing MD Senate Bill 831
Why it matters: Maryland SB 831, as drafted, requires reverse mortgage lenders to establish escrow accounts so that loan proceeds can be used to pay for property taxes, … more NRMLA Submits Letter Opposing MD Senate Bill 831
Tracking State Legislation
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CFPB Director Nominee Testifies Before Senate Committee
The Senate Banking Committee heard testimony from Jonathan McKernan, President Trump’s nominee to head the Consumer Financial Protection Bureau. The hearing also featured Dr. Stephen Miran, nominee to … more CFPB Director Nominee Testifies Before Senate Committee
NRMLA Opposes NY Bill That Would Create New Disclosure
On behalf of its members, NRMLA submitted a letter to the sponsor of New York Senate Bill 2559 (SB 2559), opposing the bill as drafted. Why it matters: … more NRMLA Opposes NY Bill That Would Create New Disclosure
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 … more NRMLA Coordinates Oregon Letter-Writing Campaign
NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
NRMLA, with input from the Executive Committee, submitted comments this week to the sponsors of Oregon Senate Bill 534. SB 534 caps the percentage of equity a reverse mortgage … more NRMLA Offers Compromise to Protect Proprietary Reverse Mortgages
NRMLA State and Local Issues Committee to Convene
Legislation has been introduced in Oregon, New York and Hawaii that would impact reverse mortgage companies. Oregon Senate Bill 534 caps the percentage of total equity a reverse … more NRMLA State and Local Issues Committee to Convene
Congress 101
To learn more about the legislative process and how a bill becomes law, please download the slide presentation, Congress 101: Understanding the Legislative Process. From this presentation, you’ll learn … more Congress 101
Congressional Leaders Announce Policy Priorities
Senate Banking Committee Chairman Senator Tim Scott (R-SC) and House Financial Services Committee Chairman Rep. French Hill (R-AR) announced their legislative agendas for the 119th Congress. What they’re … more Congressional Leaders Announce Policy Priorities
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