HB 553

RELATING TO REVERSE MORTGAGES

By Representative(s) ARAKAKI / MCDERMOTT / LEE; Pendleton, Stegmaier

Report Title: Reverse Mortgages

Description: Adds a new Chapter to the Hawaii Revised Statutes regarding "reverse" mortgages, loans against home equity providing cash advances to elderly homeowners and requiring no repayment until a future time, usually until the borrower dies, sells the home, or permanently moves.

 1-22-99        H Introduced and passed First Reading                         
 1-25-99        H Referred to the committees on 1. CPC 2. FIN , referral      
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