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#1096036 - 12/11/08 09:08 PM Right of Recission - URGENT!!!
dollars & sense Offline
Gold Star
Joined: Oct 2006
Posts: 348
We are refinancing a construction loan into a permanent loan. No new money will be issued to the customer and they do not yet occupy the home but will soon after closing. Do we need to offer the right to rescind?

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Lending Compliance
#1096039 - 12/11/08 09:13 PM Re: Right of Recission - URGENT!!! dollars & sense
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,446
Galveston, TX
No - both the construction and the permanent loan are part of the RMT.
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