Requires lender that has contract with person for reverse mortgage to send person or escrow agent, title insurance company or other agent that pays property taxes on person's behalf notice that states that title to property that is subject to reverse mortgage remains with person and person is responsible for paying property taxes and related taxes on property. Provides that lender must send notice each year at least 60 days before property taxes are due on property.
Chapter 161, (2017 Laws): Effective date January 1, 2018.
Third reading. Carried by Beyer. Passed.
Recommendation: Do pass the A-Eng. bill.
Public Hearing and Work Session held.
Referred to Business and Transportation.
First reading. Referred to President's desk.
Third reading. Carried by Witt. Passed.
Rules suspended. Carried over to April 20, 2017 Calendar.
Rules suspended. Carried over to April 19, 2017 Calendar.
Recommendation: Do pass with amendments and be printed A-Engrossed.
Work Session held.
Public Hearing held.
Referred to Business and Labor.
First reading. Referred to Speaker's desk.
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