12 U.S.C. § 5602
Reverse mortgage study and regulations
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 5602, Reverse mortgage study and regulations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439106
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Full text
Not later than 1 year after the designated transfer date, the Bureau shall conduct a study on reverse mortgage transactions.
If the Bureau determines through the study required under subsection (a) that conditions or limitations on reverse mortgage transactions are necessary or appropriate for accomplishing the purposes and objectives of this title,11 See References in Text note below. including protecting borrowers with respect to the obtaining of reverse mortgage loans for the purpose of funding investments, annuities, and other investment products and the suitability of a borrower in obtaining a reverse mortgage for such purpose.22 So in original. Sentence does not appear to be complete.
The regulations prescribed under paragraph (1) may, as the Bureau may so determine—
This section shall not be construed as limiting the authority of the Bureau to issue regulations, orders, or guidance that apply to reverse mortgages prior to the completion of the study required under subsection (a).
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.
- Dodd-Frank Wall Street Reform and Consumer Protection Act