For reverse mortgages, the same property requirements and repair items must be noted on the appraisal as for forward mortgages. However, defective paint need not be repaired and a Lead Based Paint Notice is not required if the borrower will certify that no child under the age of six will be residing in the property.
Mortgagee Letter 96-10 is available at https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
Handbook 4235.1 is available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
HECM Final Rule Federal Register § 206.45 https://www.govinfo.gov/content/pkg/FR-2017-01-19/pdf/2017-01044.pdf