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#1480483 - 12/14/10 08:17 PM TIL for a bus purp loan
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
We are doing a closed-end loan to a business for the purpose of purchasing a piece of residential real-estate for investment/rental income.

Is a TIL required?

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Lending Compliance
#1480498 - 12/14/10 08:33 PM Re: TIL for a bus purp loan Many Hats
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 84,678
Galveston, TX
To a business as in a corporation? Loans to non-natural persons are exempt from Reg. Z.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1480541 - 12/14/10 08:55 PM Re: TIL for a bus purp loan rlcarey
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
That's what I figured.

Thanks!

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