Reg Z Reverse Mortgages
Course Number: ABA
Course Code: ABA
This course defines reverse mortgages and covers suitability for such products, and reviews the current disclosure requirements.
Updated: March 2019
Re-versioned: May 2016
What You’ll Learn
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
Audience: Branch staff such as consumer loan officers who discuss reverse mortgages with consumers.
Prerequisites: The Reg Z Overview course must be taken at least once before any other Reg Z course is attempted.