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California Reverse Mortgage Bill Stopped in its Tracks 

May 02, 2013By

The sponsor of a reverse mortgage bill in California that would mandate new requirements for prospective borrowers pre-counseling this week pulled the bill from the legislative approval process.  According to the National Reverse Mortgage Lenders Association, California Assembly Member Jose Medina, sponsor of A.B. 553, removed the bill from further consideration upon meeting with NRMLA’s […]