Okay, I have searched and have not seen this particular area discussed- if I have missed it, I apologize!

Discussion question... I believe dwelling secured loans for consumer purpose, regardless, if subject to RESPA will be covered under the new MDIA rules effective July 30, 2009.

For example, car loan secured by dwelling (not the car), my interpretation is the loan would be a "federally related mortgage loan" therefore subject to RESPA and since the loan is consumer purpose subject to RESPA by the fact of the dwelling security; it would be a MDIA covered loan. MDIA rules would fully apply to this loan situation. Opinons- thoughts?

I believe it is for any consumer-purpose mortgage transaction subject to RESPA that is secured by the consumer's dwelling (including a consumer's second or vacation home).

Your analysis is correct.

Thank you!