Section 57-28-206 - Disbursement(1) Subject to Subsection (2) and except as provided in Subsection (3), a lender shall pay the loan proceeds of a reverse mortgage under a term payment option, a tenure payment option, or a line of credit payment option.(2) Under a term payment option or a tenure payment option, upon a borrower's request, the lender shall disburse a portion of the loan proceeds under a line of credit payment option.(3) If a reverse mortgage is a fixed interest rate loan, the lender may pay the loan proceeds in a lump sum.Added by Chapter 290, 2015 General Session ,§ 8, eff. 5/12/2015.