Reverse Mortgage Program Application
In the Commonwealth, reverse mortgage loans must be made in accordance with programs which have been reviewed and approved by the Commissioner of Banks.
Reverse mortgage loan programs submitted to the Division for approval must meet the requirements of M.G.L. c. 167E, §7. This provision applies to Massachusetts state-chartered banks and all other mortgagees pursuant to M.G.L. c. 183, §67.
Massachusetts state-chartered credit unions seeking to make reverse mortgage loans must request approval of a program meeting the requirements set forth in M.G. L. c. 171, §65.
Please review the above referenced statutory requirements prior to proceeding.
Upon completion of this questionnaire, prospective applicants will be provided with a Box link to upload all program documents.
Please note that if all program documents are not submitted within 7 days, a new application submission will be required for reconsideration.
Next Steps: Upon receipt of a complete application, the Licensing Unit will contact the designated contact identified in this questionnaire with an ackowledgment of receipt.