https://www.taxtmi.com/acts?id=8953 Reverse Mortgage Scheme, 2008 defines reverse mortgage as the mortgage of a residential house property in India by an eligible person (individual aged sixty or above, or a married couple where either spouse is sixty or above) to obtain a loan from an approved lending institution (National Housing Bank, scheduled banks, or registered housing finance companies). It identifies the reverse mortgagor and specifies that a reverse mortgage transaction involves loan disbursement to the mortgagor and excludes sale or disposal of the property for loan settlement. en-us Fri, 03 Oct 2008 14:14:54 +0530 Mon, 26 Aug 2019 17:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8953 Reverse Mortgage Scheme, 2008 defines reverse mortgage as the mortgage of a residential house property in India by an eligible person (individual aged sixty or above, or a married couple where either spouse is sixty or above) to obtain a loan from an approved lending institution (National Housing Bank, scheduled banks, or registered housing finance companies). It identifies the reverse mortgagor and specifies that a reverse mortgage transaction involves loan disbursement to the mortgagor and excludes sale or disposal of the property for loan settlement. Act-Rules Direct Taxes Fri, 03 Oct 2008 14:14:54 +0530 https://www.taxtmi.com/acts?id=8953