Missouri Laws 443.912 – Statement regarding counseling services on reverse mortgages
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Missouri Laws 443.912
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
No reverse mortgage loan commitment may be made by a lender unless the loan applicant attests in writing that the applicant received from the lender at the time of initial inquiry a statement regarding the advisability and availability of independent information and counseling services on reverse mortgages. Such statement may be in a form developed by the lender or the division of finance.