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RESPA - Loan on the Land, Not the Mobile Home
Answer by Dan Persfull, BOL Guru
Guru Bios
Question: We are doing a loan on some land that has a mobile home on it that the customer lives in, but we are not taking a lien on the mobile home. Do I have to give the RESPA disclosures?
Answer: If you do not have a security interest in the mobile home then RESPA does not apply.
First published on BankersOnline.com 4/21/08
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