Monthly Archives: May 2009

Vermont Bill Delivered to Governor

Posted on May 27, 2009 by admin

The Vermont Legislature delivered a bill to Gov. Jim Douglas yesterday that would limit reverse mortgages to federal programs. The state House of Representatives clerk said HR 222 was delivered yesterday. Votes in both the House and Senate were not … Continue reading →

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Memorial Day

Posted on May 25, 2009 by admin

Three years after the Civil War ended, on May 5, 1868, the head of an organization of Union veterans — the Grand Army of the Republic (GAR) — established Decoration Day as a time for the nation to decorate the … Continue reading →

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California Assembly Passes Reverse Mortgage Bill

Posted on May 20, 2009 by admin

The California State Assembly passed a bill to further regulate reverse mortgage lending on a 68 to 2 vote, leaving it now for Senate consideration. Meanwhile, the Senate Judiciary Committee has moved a separate reverse mortgage bill on to the … Continue reading →

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Minnesota Legislature Delivers Bill to Governor

Posted on May 20, 2009 by admin

The Minnesota state legislature presented a reverse mortgage bill to Gov. Tim Pawlenty on Monday that keeps a 10-day rescission period and suitability requirements which are supported by the AARP but opposed by lenders. The Conference Committee marked up the … Continue reading →

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