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#1953982 - 08/18/14 03:01 PM FDICIA
Ray_ Offline
Platinum Poster
Joined: Aug 2006
Posts: 879
Dallas, TX
Drawing a blank and need some help, please! If we loan 100% of the purchase price on a piece of property but take a second lien on additional collateral in which there is enough equity to cover what would have been a 15% down payment, is that still a reportable transaction?

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Lending Compliance
#1954274 - 08/18/14 11:19 PM Re: FDICIA Ray_
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
No. The combined LTV would not be 100%.
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