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