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Legislation

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Massachusetts Introduces New Reverse Mortgage Legislation 

Apr 29, 2010By

The Massachusetts Senate has introduced new legislation to establish specific reverse mortgage requirements for borrowers and lenders. According to S2355, lenders are not allowed to originate a reverse mortgage loan unless the borrower “affirmatively opts in writing for the reverse mortgage and has received certification from a counselor with a third­party organization” and in person […]