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#1470637 - 11/19/10 06:10 PM Score Disclosure on MH only w/out Real Estate
gbkmoore Offline
Member
Joined: Apr 2010
Posts: 73
Florida
is it required to provide the Score disclosure on a consumer Mobile Home only loan that does not include the land as collateral? i have seen conflicting information,
thank you for your help

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#1470689 - 11/19/10 06:51 PM Re: Score Disclosure on MH only w/out Real Estate gbkmoore
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
No. Refer to the FCRA 609(g). A MH only loan is not a 1-4 residential real property.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1471895 - 11/23/10 07:57 PM Re: Score Disclosure on MH only w/out Real Estate Dan Persfull
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
But don't get that confused with RBPN beginning in January.
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My opinion only. Not legal advice.

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#1477406 - 12/07/10 09:50 PM Re: Score Disclosure on MH only w/out Real Estate RR Joker
dg Offline
Platinum Poster
Joined: Jan 2005
Posts: 811
Pacific NW
But don't get that confused with RBPN beginning in January. So what's that mean?

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#1477519 - 12/08/10 02:27 PM Re: Score Disclosure on MH only w/out Real Estate dg
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
On or after Jan 1, 2011 you would have to provide the applicable RBPN or exception notice dependent on which option you have chosen.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1478047 - 12/08/10 08:45 PM Re: Score Disclosure on MH only w/out Real Estate Dan Persfull
Tesla Offline
Power Poster
Joined: Nov 2003
Posts: 3,726
only if they are risk-based pricing, right?
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