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California Becomes First State to Clamp Down on Reverse Mortgages
California Becomes First State to Clamp Down on Reverse Mortgages . down on “cross-selling” of annuities and insurance products with reverse mortgages, .
http://www.reversemortgage.net/california-becomes-first-state-to-clamp-down-on-reverse-mortgages/

Unsuitable Annuities Tied To Reverse Mortgages
Jul 10, 2009 . All obtained reverse mortgages. One 81 year-old widow was sold a deferred annuity that earned only 3.25%, purchased with her reverse .
http://www.fa-mag.com/fa-news/4303-unsuitable-annuities-tied-to-reverse-mortgages.html

California Civil Code Section 1923.5 - California Attorney Resources ...
Feb 13, 2012 . (C) Whether the prospective borrower intends to use the proceeds of the reverse mortgage to purchase an annuity or other insurance products .
http://law.onecle.com/california/civil/1923.5.html

California Civil Code Section 1923.2 - California Attorney Resources ...
Feb 13, 2012 . A reverse mortgage loan shall comply with all of the following . for a reverse mortgage to purchase an annuity as a condition of obtaining a .
http://law.onecle.com/california/civil/1923.2.html

reverse annuity mortgage - what is it?
California Reverse Mortgage Fraud Bill Signed Into Law ». « Reverse . [tag] Reverse annuity mortgage[/tag] is a phrase with dual meanings. Most users of the .
http://www.reverse-mortgage-information.org/391/reverse-annuity-mortgage-clarifying-the-term.php

Reverse mortgages: Consumer Reports investigates
What you should know about reverse mortgages. . The Posadas' complaint, which was filed in California Superior Court, states that the annuities paid an .
http://www.consumerreports.org/cro/magazine-archive/september-2009/personal-finance/reverse-mortgages/rosy-scenarios-are-misleading/reverse-mortgages-rosy-scenarios-are-misleading.htm

The Implications of Reverse Mortgages on Seniors in California
The potential market for reverse mortgages in California is huge, since . she was required to purchase an annuity in conjunction with her reverse mortgage.
http://www.consumersunion.org/finance/revexewc899.htm

Treatment of Reverse Mortgage/Home Equity Payments Under the ...
Apr 27, 2011 . Since 1983, California Advocates for Nursing Home Reform has been . annuity or even that a reverse mortgage be used to fund an annuity.
http://www.canhr.org/factsheets/medi-cal_fs/html/fs_Treatment_Reverse_Mortgage_Payments.htm

California Governor Signs Reverse Mortgage Protection Bill Into ...
Sep 8, 2011 . California Governor Signs Reverse Mortgage Protection Bill Into Law . sole purpose of cross-selling inappropriate products such as annuities.
http://reversemortgagedaily.com/2011/09/08/california-governor-signs-reverse-mortgage-protection-bill-into-law/

Chapter 8. Reverse Mortgages :: Civil Code :: 2010 California Code ...
(i) A lender or any other person that participates in the origination of the mortgage shall not require an applicant for a reverse mortgage to purchase an annuity .
http://law.justia.com/codes/california/2010/civ/1923-1923.10.html