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#1227731 - 08/05/09 06:44 PM TIL and Refi's
Pepper's Sister Offline
Platinum Poster
Pepper's Sister
Joined: May 2005
Posts: 546
Midwest
It used to be that on a refinance, a pre-TIL was not required. Is that still the case, or are pre-TIL's now required on refinances as well as purchases? Thanks for your help
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Lending Compliance
#1227742 - 08/05/09 06:52 PM Re: TIL and Refi's Pepper's Sister
Book Nerd Offline
Gold Star
Book Nerd
Joined: Jun 2007
Posts: 447
New England
The pre-TIL applies to refinances as well as purchases now because of Mortgage Disclosure Improvement Act.
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#1227743 - 08/05/09 06:53 PM Re: TIL and Refi's Pepper's Sister
CSB98 Offline
Diamond Poster
Joined: Dec 2003
Posts: 1,330
Wisconsin
They are now required with the new MDIA rules that were effective 7/30/09.

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#1227747 - 08/05/09 06:56 PM Re: TIL and Refi's CSB98
Pepper's Sister Offline
Platinum Poster
Pepper's Sister
Joined: May 2005
Posts: 546
Midwest
Thank you. I was lead to believe that this had changed some time ago, not just recently. Thanks again for the feedback.
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