Saturday, April 18, 2015

California's Reverse Mortgage 'Cooling Off' Law Takes Effect

California's Reverse Mortgage 'Cooling Off' Law Takes EffectStarting Jan. 1, reverse mortgage professionals operating in California must comply with the new rules set forth by legislation passed in 2014, which requies lenders to observe a week-long "cooling off" period before assessing any fees or services from borrowers, among other provisions. In October, California Governor Jerry Brown http://www.reverse-mortgageloans.com/californias-reverse-mortgage-cooling-off-law-takes-effect/
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