Daily Archives: February 8, 2009 »

Minnesota Attorney General Pushes Reverse Mortgage Legislation

Minnesota Attorney General Pushes Reverse Mortgage Legislation

Shannon Hicks February 8, 2009 1

Minnesota’s legislators and attorney general, concerned about disreputable mortgage brokers and lenders taking advantage of seniors, have introduced a bill that would allow borrowers to rescind a reverse mortgage for up to 30 days.

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