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Office of Legislative Research Report November 20, 2014 2014-R-0271 REVERSE MORTGAGE COUNSELING REQUIREMENTS By: Michelle Kirby, Associate Analyst REVERSE MORTGAGE COUNSELING Federal regulations require

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What is reverse mortgage counseling requirements?

Reverse mortgage counseling requirements are financial counseling sessions that seniors must attend before taking out a reverse mortgage.

Who is required to file reverse mortgage counseling requirements?

Seniors who are considering taking out a reverse mortgage are required to fulfill the reverse mortgage counseling requirements.

How to fill out reverse mortgage counseling requirements?

To fill out reverse mortgage counseling requirements, seniors must schedule and attend a counseling session with a HUD-approved counselor.

What is the purpose of reverse mortgage counseling requirements?

The purpose of reverse mortgage counseling requirements is to ensure that seniors fully understand the terms and implications of a reverse mortgage before moving forward with the process.

What information must be reported on reverse mortgage counseling requirements?

The reverse mortgage counseling requirements typically include details about the loan terms, repayment options, fees, and potential risks.

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