Finance
A Montana borrower with a reverse mortgage must continue to:
AMake monthly principal and interest payments to the lender
BPay property taxes, maintain homeowner's insurance, and keep the property as their primary residence✓ Correct
CAllow the lender to manage the property on their behalf
DRepay the full loan amount within 5 years
Explanation
Montana reverse mortgage borrowers must continue to pay property taxes, maintain homeowner's insurance, and occupy the property as their primary residence. Failure to meet these requirements can trigger default and repayment obligations, even though no monthly mortgage payment is required.
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