California Reverse Mortgage Laws

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Summary

California has specific laws for reverse mortgages, including California Civil Code §1923.2 and §1923.5, which mandate independent counseling and detailed lender disclosures. These codes fall under Division 3, Part 4, Title 4, Chapter 8 of the Civil Code. For retroactivity concerns, consult a legal professional.

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are there any laws or codes that pertain to reverse mortgages that were created after * that are retroactive in california
Yes, California enacted laws affecting reverse mortgages:
- California Civil Code Section *.*: Borrowers must receive independent counseling before obtaining a reverse mortgage.
- California Civil Code Section *.*: Lenders must provide a detailed disclosure statement to the borrower.
Please consult a legal professional for advice on retroactivity.
how would these codes be written: CIVIL CODE - CIV DIVISION *. OBLIGATIONS [* - *.*] ( Heading of Division * amended by Stats. *, Ch. *, Sec. *. ) PART *. OBLIGATIONS ARISING FROM PARTICULAR TRANSACTIONS [* - *.*] ( Part * enacted *. ) TITLE *. LOAN [* - *.*] ( Title * enacted *. ) CHAPTER *. Reverse Mortgages [* - *.*] *.* and *.*
The codes pertaining to reverse mortgages in California are written as follows:
- California Civil Code §*.* (Part of CIV - DIVISION *, PART *, TITLE *, CHAPTER *)
- California Civil Code §*.* (Part of CIV - DIVISION *, PART *, TITLE *, CHAPTER *)
These codes fall under the division of Obligations, specifically those arising from particular transactions, Loans, and Reverse Mortgages.
awesome thank you
You're welcome, Lee! If you have any more questions regarding legal issues in California, feel free to ask. I'm here to help.