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#1087608 - 11/25/08 04:49 PM TIL boxes
stella Offline
Member
Joined: Nov 2006
Posts: 61
when are we required to mark the box under security that says "funds on deposit with lender" on the truth in lending form?

do we need this for any funds that we hold as a condition of the loan?

Thanks!

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Lending Compliance
#1087640 - 11/25/08 05:09 PM Re: TIL boxes stella
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,650
Florida
There are a slew of examples in the reg and commentary 226.18(r) both for including and excluding amounts.

On "funds as a condition" - best to read the reg and interpret to your circumstances.
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