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#198707 - 06/09/04 05:19 PM HOEPA DEMON
Alien Offline
Platinum Poster
Joined: Dec 2002
Posts: 862
Mexifornia
Ok - The examiner insists that that HOEPA (226.32) applies to purchase money transactions. Should I punch him?
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If you have enough, would you know?

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Lending Compliance
#198708 - 06/09/04 05:21 PM Re: HOEPA DEMON
Anonymous
Unregistered

Go Easy. In the beginning we all had to do HOEPA for purchase and refi's. It takes some longer to catchup

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#198709 - 06/09/04 08:19 PM Re: HOEPA DEMON
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Quote:

Ok - The examiner insists that that HOEPA (226.32) applies to purchase money transactions. Should I punch him?



No. Instead, show the examiner the exemptions.
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David Dickinson
http://www.bankerscompliance.com

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