S.Amdt.4489 - To prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers.
About This Bill
Passed
Latest Action · April 9, 2008
Amendment SA 4489 as modified agreed to in Senate by Unanimous Consent. (text as modified: CR S2807-2808)
Congress
110th (2007–2009)
Introduced
April 7, 2008
Sponsor
Sen. Claire McCaskillD
Cosponsors (2)
2D0R
Summary
No plain-language summary has been published yet. A summary is written once the bill text is available.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.