US Code

Public Law 119-83 (04/13/2026)

12 U.S.C. § 5602

Reverse mortgage study and regulations

(a)

Study

Not later than 1 year after the designated transfer date, the Bureau shall conduct a study on reverse mortgage transactions.

(b)

Regulations

(1)

In general

1

1 See References in Text note below.
2
2 So in original. Sentence does not appear to be complete.
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, 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.

(2)

Identified practices and integrated disclosures

The regulations prescribed under paragraph (1) may, as the Bureau may so determine—
(A)
identify any practice as unfair, deceptive, or abusive in connection with a reverse mortgage transaction; and
(B)
115 U.S.C. 160112 U.S.C. 2601section 1715z–20 of this title provide for an integrated disclosure standard and model disclosures for reverse mortgage transactions, consistent with section 4302(d), that combines the relevant disclosures required under the Truth in Lending Act ( et seq.) and the Real Estate Settlement Procedures Act [ et seq.], with the disclosures required to be provided to consumers for Home Equity Conversion Mortgages under .
(c)

Rule of construction

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).

Pub. L. 111–203, title X, § 1076124 Stat. 2075 (, , .)

Editorial Notes

References in Text

Pub. L. 111–203124 Stat. 1955 section 5301 of this titleThis title, referred to in subsec. (b)(1), is title X of , , , known as the Consumer Financial Protection Act of 2010, which enacted this subchapter and enacted, amended, and repealed numerous other sections and notes in the Code. For complete classification of title X to the Code, see Short Title note set out under and Tables.

Pub. L. 111–203section 1032(f) of Pub. L. 111–203section 5532(f) of this titleSection 4302(d), referred to in subsec. (b)(2)(B), probably was a reference to section 4302(d) of the House Engrossed version of H.R. 4173, 111th Congress. A later version of H.R. 4173 was enacted as , and as so enacted, doesn’t contain a section 4302. However, , which is classified to , contains substantially similar provisions to the section 4302(d) that was probably referred to.

Pub. L. 90–32182 Stat. 146 section 1601 of Title 15The Truth in Lending Act, referred to in subsec. (b)(2)(B), is title I of , , , which is classified generally to subchapter I (§ 1601 et seq.) of chapter 41 of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see Short Title note set out under and Tables.

Pub. L. 93–53388 Stat. 1724 section 2601 of this titleThe Real Estate Settlement Procedures Act, referred to in subsec. (b)(2)(B), probably means the Real Estate Settlement Procedures Act of 1974, , , , which is classified principally to chapter 27 (§ 2601 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.