Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Help on Disclosures
Thread Options
#176267 - 04/02/04 02:55 PM Help on Disclosures
La. Lady Offline
Diamond Poster
La. Lady
Joined: May 2001
Posts: 1,873
We have a customer buying a movable home. She is placing it in her father's back yard. Her dad is putting up his pickup truck as collateral. We have no property (dirt) as collateral. The loan officer will have a UCC.

Do we have to do the preliminary disclosures?
_________________________
Riding the waves of change.....2014

Return to Top
Lending Compliance
#176268 - 04/02/04 03:08 PM Re: Help on Disclosures
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,535
Bloomington, IN
Quote:

Do we have to do the preliminary disclosures?




No. This loan is not subject to RESPA.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z