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MEMO OF SUPPORT: Technical Fix Necessary to Help Seniors

Empire Justice March 20, 2018

Empire Justice Center strongly supports A.9592/S.1992-A, which corrects a technical error with respect to the effective date of legislation passed in 2017. The 2017 legislation intended to include reverse mortgage loans in the definition of “home loan” and extend consumer protections to senior homeowners at risk of losing their homes to foreclosure of a reverse mortgage. Memorandum

Read the memorandum here.