A5389Introduced in the General Assembly
Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.
Introduced by Sterley Stanley, District 18
What does this bill do?
Plain-English breakdown
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Official description
Exempts reverse mortgage transaction from requirement that secondary mortgage loan payments be made in equal amounts and payment periods.
Where it stands
Reported out of Assembly Committee, 2nd Reading
October 5, 2026
How did lawmakers vote?
General AssemblyStage: Assembly Housing and Community Development Committee: Reported Favorably · October 5, 2026
7
Yes
0
No
0
Absent or Not Voting
7 assemblymembers recorded in this General Assembly vote. Colors show vote categories only, not whether a vote was good or bad.
See how each assemblymember voted
| Assemblymember | District | Vote |
|---|---|---|
| William Moen | 5 | Yes |
| Robert Clifton | 12 | Yes |
| Victoria Flynn | 13 | Yes |
| Yvonne Lopez | 19 | Yes |
| Annette Quijano | 20 | Yes |
| Katie Brennan | 32 | Yes |
| Carmen Morales | 34 | Yes |
Bill history
Introduced, Referred to Assembly Financial Institutions and Insurance Committee
Transferred to Assembly Housing Committee
Reported out of Assembly Committee, 2nd Reading
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