House. Special Committee to Study and Investigate Home Equity Conversions and Reversible Mortgages (HR 231)

Organization

Staff Only

Dates

Existence: 1984

Biography

The Special Bipartisan Committee ot Investigate and Study Home Equity Conversions and Reversible Mortgages was created by House Resolution 231, adopted May 30, 1984. As Representative Haluke stated at the June 21 Public Hearing, "social and economic changes that transpired since the start of home mortgages has changed the concept of the home mortgage considerably." He stated that there was a tremendous need to try to provide a mechanism to release the equity of the elderly Americans that they have accumulated in their home and who are, house rich and cash poor. It was the Special Committee's intent to present a comprehensive home equity conversion bill at the next session of the General Assembly. They presented their report November 26, 1984.

Found in 1 Collection or Record:

Special Bipartisan Committee to Study and Investigate Home Equity Conversions and Reversible Mortgages (HR 231)

Collection

Identifier: 02-SS1983_09

Scope and Contents Pursuant to House Resolution 231 of 1984, the Special Bipartisan Committee to Study and Investigate Home Equity Conversions and Reversible Mortgages was created. The Speaker of the House of Representatives appointed a bipartisan committee of nine members of the House of Representatives, five from the majority party and four from the minority party, to conduct a thorough study and investigation of home equity conversions and reversible mortgages. The committee held many public hearings at...

Dates: 1983-1984

Found in: Pennsylvania House of Representatives Archives / Special Bipartisan Committee to Study and Investigate Home Equity Conversions and Reversible Mortgages (HR 231)