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Reg Z Reverse Mortgages

Description: Reg Z Reverse Mortgages defines reverse mortgages and covers suitability for such products, and reviews the current disclosure requirements. 

Note: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.

 

Audience: Branch staff such as consumer loan officers who discuss reverse mortgages with consumers.

 

Learning Objectives: After completing this course, students will be able to:

  • Describe a reverse mortgage
  • Describe the advantages and disadvantages of a reverse mortgage for some consumers
  • Identify the disclosure requirements for a reverse mortgage including the TALC rate

Commands