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United States · Bill · HR

H.R. 1297 (105th)

Senior Homeowner Reverse Mortgage Protection Act

referredUnited States· United States Congress· EN

Introduced

10 April 1997

Last action

Status

Referred to the Subcommittee on Housing and Community Opportunity.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Senior Homeowner Reverse Mortgage Protection Act - Amends the National Housing Act with respect to home equity conversion mortgages to: (1) require full disclosure to the mortgagor of all mortgage costs, including estate planning, financial advice, or other related costs; and (2) provide for imposition of restrictions by the Secretary of Housing and Urban Development to ensure that the mortgagor is not charged for such costs.

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Documents

3 official files

Introduced in House (text)

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Sources

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