The state Division of Banks will hold public hearings Wednesday on draft right-to-cure and reverse mortgage regulations.

The hearings are scheduled for 10:30 a.m. and 1 p.m. Wednesday, respectively, at division offices at 1000 Washington St. in Boston.

The right-to-cure regulations create a uniform, more easily understandable format for right-to-cure notices. The reverse mortgage regulations mandate in-person counseling for borrowers beginning next summer.

Each proposal was signed by Gov. Deval Patrick a year ago.

Foreclosure, Reverse Mortgage Proposals Get Hearings

by Banker & Tradesman time to read: <1 min
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