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#214465 - 07/22/04 07:07 PM ROR and Construction Loan
Tina A Sweet Offline
Diamond Poster
Tina A Sweet
Joined: Aug 2001
Posts: 1,033
Marysville, Ca.
I have a construction loan (12 month) where the borrowers actually live on the property in an RV. The address they use on the applicaiton is the subject property. Would this be cause for a Right of Recission?
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Tina A Sweet-Williams
AVP Special Assets
mailto:tsweet@goldcountrynb.com

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Lending Compliance
#214466 - 07/22/04 07:59 PM Re: ROR and Construction Loan
Rob K Offline
100 Club
Rob K
Joined: May 2003
Posts: 165
Tennessee
Unless you place a separate lien on the RV itself, I do not believe rescission would be applicable in this case.
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Any comments, opinions, or views expressed are mine alone and do not necessarily represent the views of my employer.

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