We originally financed a construction loan for resale on a 1-4 family residence. We had no intention of doing permanent financing. He's had no luck with moving the property . Somewhere down the line, the borrower ended up living in the dwelling as his prinicipal residence. The loan has already been renewed several times. The borrower still wants to sell the home. It is time for renewal (AGAIN).Would the renewal of this loan Fed Box Disclosures and ROR? Thanks for you input!

If the original loan was for business purposes and the "renewals" are still business purpose Reg. Z does not apply, even if secured by the borrower's principal dwelling.