Section 204 – Independent counseling.
Effective 5/12/2015 57-28-204. Independent counseling. (1) Before a prospective borrower signs a reverse mortgage application, the prospective borrower shall meet with an independent housing counselor. (2) During the meeting described in Subsection (1): (a) the prospective borrower and the independent housing counselor shall discuss the financial impacts of a reverse mortgage, including: (i) options other […]