Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:28ld
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 28LD
Character Range: 203585–204199

28LD  Reverse mortgages—projections of home equity
 (1) For the purposes of paragraph 133DB(1)(a) of the Act, a projection may be given by the licensee or special purpose funding entity to the consumer in the following way:
 (a) by mail;
 (b) by email;
 (c) by another form of written or electronic communication agreed to by the consumer.
 (2) For the purposes of subparagraph 133DB(1)(a)(ii) of the Act, the licensee or special purpose funding entity must make the projections in accordance with any instructions for the making of the projections included on the website approved by ASIC for that subparagraph.