The Oregon state senate’s Committee on Housing Development held a hearing last week on a piece of proposed legislation that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property.

Industry representatives contend that if enacted, the bill could potentially halt the availability of proprietary product offerings in the state.

But the proceeding revealed that the bill could be amended to better reflect a more narrow target than the reverse mortgage industry, namely the home equity contract or home details ⇒

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