A bill that will permanently allow for remote reverse mortgage counseling via telephone or video conferencing services in the state of Massachusetts has been signed into law by Gov. Maura Healey (D), doing away with a strict face-to-face requirement that has stretched the state’s counseling resources and, at times, halted reverse mortgage business within the state.

The face-to-face requirement had been active within Massachusetts since 2010, but recent challenges — most especially those posed by the COVID-19 pandemic — exposed how a restriction initially meant to protect seniors actually created serious challenges for them. This is details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com