A CRMP counsels a borrower whose adult child is pressuring them to take out a reverse mortgage to fund the child's business. What is the ethical obligation?
-
A
Proceed if the borrower verbally agrees
-
B
Explore whether the decision is truly voluntary and in the borrower's best interest
-
C
Defer to the family member since they have financial expertise
-
D
Recommend the largest available loan amount to satisfy both parties