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Congress > Legislation
H.R. 5758:
Reverse Mortgage Proceeds Protection Act
110th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 110th Congress, in 2007-2008.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2007-2008
Track H.R. 5758 [110th]

Because this bill was introduced in a previous session of Congress, no more action can occur on it.

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Primary Source

See H.R. 5758 [110th] on THOMAS for the official source of information on this bill or resolution.

To prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers, and for other purposes.

Overview

Sponsor:
Text:
Summary | Full Text
Status:
Occurred: IntroducedApr 10, 2008
Occurred: Referred to CommitteeView Committee Assignments
Not Yet Occurred: Reported by Committee(did not occur)
Not Yet Occurred: House Vote(did not occur)
Not Yet Occurred: Senate Vote(did not occur)
Not Yet Occurred: Signed by President(did not occur)
This bill never became law. This bill was proposed in a previous session of Congress. Sessions of Congress last two years, and at the end of each session all proposed bills and resolutions that haven't passed are cleared from the books. Members often reintroduce bills that did not come up for debate under a new number in the next session.
Last Action:
Apr 10, 2008: Referred to the House Committee on Financial Services.
Related:
See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.
Question & Answer
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Sep 20, 2008 2:08 PM - What elements of HR 5758 are included in HR 3221? - Answer it!
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