summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to provide reverse mortgages on co-op apartments. Financial Services.
AI Summary
This bill amends Section 7 of Chapter 167E of the General Laws to allow reverse mortgages to be provided to the residents of cooperative housing units, in addition to the current provision for reverse mortgages for homes occupied by one to four families. The bill aims to expand access to reverse mortgages, which allow homeowners to convert a portion of their home equity into cash, to individuals living in co-op apartments.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Accompanied a study order, see H5160 (on 12/01/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H954 |
| Bill | https://malegislature.gov/Bills/191/H954.pdf |
Loading...