Section 47.58 — Reverse Mortgage Loans.

47.58 REVERSE MORTGAGE LOANS. Subdivision 1. Definitions. For the purposes of this section, the terms defined in this subdivision have the meanings given them. (a) “Reverse mortgage loan” means a loan: (1) made to a borrower wherein the committed principal amount is paid to the borrower in equal or unequal installments over a period of […]