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United States · Bill · S

S. 562 (105th)

Senior Citizen Home Equity Protection Act

openUnited States· United States Congress· EN

Introduced

10 April 1997

Last action

Status

Message on House action received in Senate and at desk:.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Senior Citizen Home Equity 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

13 official files

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