What document must a Mortgage Associate provide to a borrower for a reverse mortgage?

The correct answer is the Suitability Assessment Disclosure Document, which is essential in the context of a reverse mortgage. This document outlines the suitability of the reverse mortgage option for the borrower, ensuring they fully understand the terms, implications, and any potential risks associated with such a financial product.

Providing this disclosure not only helps demonstrate that the mortgage associate has considered the borrower’s financial situation and goals, but it also protects the associate by documenting that the reverse mortgage was presented as an appropriate choice given the borrower's circumstances. This fits into a regulatory framework that requires transparency and informed consent, particularly in complex financial products like reverse mortgages, which can have significant long-term impacts on a borrower's equity and overall financial strategy.

The other options, while important in different contexts, do not specifically pertain to the reverse mortgage process. The Referral Disclosure Document is typically related to the documentation of fees or commissions in referral relationships; the Mortgage Agreement Document outlines the terms of the mortgage but does not assess suitability; and the Loan Estimate Document is generally used in traditional mortgage setups to provide estimated costs but isn’t specifically tailored to the suitability of reverse mortgages.