Read the following context and choose the best option to answer the question.
Context: High fees and aggressive marketing have been cited as problems with reverse mortgages . Under the new law , fees will be capped at 2 percent of the first $ 200,000 borrowed and 1 percent on the balance , with a maximum of $ 6,000 in fees . In addition , the law prevents lenders from requiring borrowers to purchase insurance , annuities , or other products as a condition for getting a reverse mortgage . Lenders are also prohibited from working with other professionals who are trying to sell seniors financial products as part of the lending process .
Question: What may have happened before the new law regarding reverse mortgages ?
Options: 
- None of the above choices .
 - Lenders capped fees at 2 percent .
 - Home owners were at advantage with low costs
 - Seniors were taken advantage of with high fees


Seniors were taken advantage of with high fees