4489

Ask AI
Amendment Number
4489
Purpose
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.
Congress
110
Type
SAMDT
Latest Action Date
Apr 9, 2008
Latest Action Text
Amendment SA 4489 as modified agreed to in Senate by Unanimous Consent. (text as modified: CR S2807-2808)
Proposed Date
Apr 9, 2008
Submitted Date
Apr 7, 2008
Chamber
Senate
Update Date
Dec 5, 2020
Amendment 4489 — Informed