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09/28/2020 03:33 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20190&cosponId=28037
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House of Representatives
Session of 2019 - 2020 Regular Session

MEMORANDUM

Posted: January 28, 2019 11:48 AM
From: Representative Anthony M. DeLuca
To: All House members
Subject: Requiring Minimum Reverse Mortgage Disclosure Font Size
 
In another effort to protect older Pennsylvanians, we need a law requiring a minimum font size on reverse mortgage disclosures.

Those who opt for reverse mortgages are often older and may have trouble reading small print. Often, the details of these potential life changing contracts contain a font size that is hard to read, even for those with perfect vision.

Financial decisions regarding one’s home are the most impactful ones that can be made. Let’s ensure potential contracts are easily legible by requiring font sizes of 24 point or larger.

Last session this was HB 473.

Please join me to ensure reverse mortgage disclosure terms are easily legible.



Introduced as HB607