110th Congress · senate
SAMDT 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.
Current state passed
Sponsor
Claire McCaskill
Democrat
Details
- Submitted
- Apr 7, 2008
- Proposed
- Apr 9, 2008
- Type
- SAMDT
- Amends
- 110-samdt-4387
Amendment Text
No amendment text has been ingested yet.
Action History
Amendment SA 4489 proposed by Senator Dodd for Senator McCaskill to Amendment SA 4387. (consideration: CR S2807-2808) 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. Apr 9, 2008
on floor
Amendment SA 4489 as modified agreed to in Senate by Unanimous Consent. Apr 9, 2008
passed