The following committees have jurisdiction over reverse mortgages and the Home Equity Conversion Mortgage (HECM) program. U.S Senate Committee on Banking, Housing, and Urban Affairs Sen. Tim Scott … more Congressional Committee Rosters
Federal and State Legislation
HECM Program History
NRMLA has created the following infographics that highlight key moments in the history of reverse mortgages and the FHA Home Equity Conversion Mortgage program. Please click on the … more HECM Program History
NRMLA Signs Letter of Support for HUD Secretary Nominee
NRMLA, along with 22 other advocacy groups, co-signed a letter asking members of the Senate Banking Committee to approve the nomination of Scott Turner as the next Secretary … more NRMLA Signs Letter of Support for HUD Secretary Nominee
NRMLA on your side in 2024
NRMLA advocates each and every day of the year for its members. The following infographic (click to enlarge) represents a small portion of NRMLA’s achievements in 2024.
Rep. French Hill Chosen to Lead Financial Services Committee
On December 12, 2024, House Republican leaders selected Rep. French Hill (R-AR) to chair the House Financial Services Committee in the 119th Congress. What’s next: The House Republican Conference … more Rep. French Hill Chosen to Lead Financial Services Committee
How the Elections Could Impact Retirement Policy Issues
Ted Godbout, writer/editor for the American Retirement Association, reports that the possibility of Republicans controlling the Executive Branch, as well as both chambers of Congress, could have significant … more How the Elections Could Impact Retirement Policy Issues
Senate Aging Committee Holds Faud Hearing
The U.S. Senate Special Committee on Aging held its annual hearing to discuss the latest trends involving theft against older adults. The hearing coincided with the release of … more Senate Aging Committee Holds Faud Hearing
Reverse Borrowers to Benefit from FL Tax Law Change
Florida Governor Ron DeSantis signed legislation (House Bill 7073) that amends existing law by basing the state’s documentary stamp tax on the principal limit of a reverse mortgage … more Reverse Borrowers to Benefit from FL Tax Law Change
Telephone/Video Counseling Made Permanent in MA
Massachusetts Governor Maura Healy signed a Supplemental Budget Bill this week that includes provisions to authorize reverse mortgage counseling via synchronous real-time video conference or telephone on a … more Telephone/Video Counseling Made Permanent in MA
NRMLA Submits Letters of Support
House Bill 7073 and Senate Bill 7074 would amend existing law by basing the state’s documentary stamp tax on the principal limit instead of the maximum claim amount … more NRMLA Submits Letters of Support
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