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Reg Z Reverse Mortgages

This course defines reverse mortgages and covers suitability for such products, and reviews the current disclosure requirements.

Reviewed:  January 2018 (no changes necessary)
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.

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

Course Credits

ABA Professional Certifications: 0.5 CRCM, CLBB​​​​

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Questions? Please contact training@aba.com for more information.

 

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