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#1212843 - 07/06/09 04:17 PM Lot loan with a camper
tjbanker Offline
Gold Star
Joined: Jun 2002
Posts: 310
A consumer wants to borrow money to pay off some personal expenses. He owns a lot that has a camper on it. The consumer wants to offer the lot as collateral. For RESPA purposes it is not a 1-4 family residence. There is a deck attached to the camper but it is still on its wheels and not affixed to the property. I wanted to verify that it is exempt from RESPA, TIL would apply. Flood would not. Am I on the right track? Thanks.

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Lending Compliance
#1213008 - 07/06/09 06:32 PM Re: Lot loan with a camper tjbanker
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
sounds like you are!
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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