MCQOPTIONS
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| 1. |
Reverse mortgage loans are meant to provide liquidity for the senior citizens. Which of the following is a proper description of this facility? |
| A. | Banks make either monthly payments or a lump sum payment to the senior citizen |
| B. | The senior citizen has to surrender the property after 15 years |
| C. | The legal heirs cannot repay the loan amount in case of death of the senior citizen |
| D. | All of the above |
| Answer» B. The senior citizen has to surrender the property after 15 years | |