Which out of the following is not the correct statement as to the definition/scheme of "Reverse Mortgage"?

(A) A person (generally a senior citizen) who owns a house property have the option to mortgage the property with a schedule bank or finance company to get a regular income in periodical installments.

(B) Scheme is not applicable for a person (generally a senior citizen) who does not have regular income.

(C) The lender will recover the amount paid i.e. principle and interest thereon by selling the property after the death of borrower.

(D) The lender will have to give the option to the legal heirs to repay the loan amount along with interest for the release of property.