Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Home Improvement & TIL
Thread Options
#1256530 - 09/24/09 06:49 PM Home Improvement & TIL
Linkpars Offline
100 Club
Joined: Jan 2007
Posts: 179
Kentucky
So if I am reading this correctly, all home improvement loans need to now have a TIL given 3 days after application. No matter if it is just for $1000.

Return to Top
Lending Compliance
#1256550 - 09/24/09 06:59 PM Re: Home Improvement & TIL Linkpars
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
Not if it's not tied to the house, this applies to RESPA-related loans, so the loan would have to be secured by residential RE.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

Return to Top
#1256568 - 09/24/09 07:08 PM Re: Home Improvement & TIL RR Joker
Linkpars Offline
100 Club
Joined: Jan 2007
Posts: 179
Kentucky
Ok, thank you so much that clears up a lot of questions on my part.

Return to Top

Moderator:  Andy_Z