ONTOLOGY EXPLORER
closed-end reverse mortgage
<https://spec.edmcouncil.org/fibo/ontology/LOAN/RealEstateLoans/Mortgages/ClosedEndReverseMortgage>
プロパティと値
| プロパティ | 値 |
|---|---|
| source | "Instructions for the Preparation of Consolidated Reports of Condition and Income, FFIEC 031 and FFIEC 041, Updated March 2023, clause A-91" |
| type | Class |
| label | "closed-end reverse mortgage" |
| subClassOf | ClosedEndMortgageLoan |
| subClassOf | ReverseMortgageLoan |
| definition | "reverse mortgage that provides a lump sum payment to the borrower at closing, with no ability for the borrower to receive additional funds under the mortgage at a later date" |
| explanatoryNote | "Normally, closed-end reverse mortgages are first liens." |
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