Finance
In South Carolina, a 'reverse mortgage' (HECM) becomes due when:
AThe borrower turns 80
BThe borrower dies, moves out, or fails to maintain the home or pay taxes/insurance✓ Correct
CThe loan reaches its maximum value
DAfter 30 years regardless of circumstances
Explanation
A reverse mortgage becomes due and payable when the borrower dies, sells the property, moves out for more than 12 months, or fails to meet loan obligations (pay taxes, insurance, maintain the property).
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