Short-term construction loan will be made to corporation (doctor) to build primary residence; however, loan will be secured by investment property in the name of the corporation. Does Reg. Z apply? The loan is not technically to an individual but the purpose of the loan is definitely consumer.

If an individual is not being extended credit, it cannot be consumer purpose.

Disagree. While it doesn't make Pinn's scenario subject to Z because of the non-natural person exemption, it WOULD make a difference for RESPA, if that was in question. A loan could be made to an LLC that while exempt from Z could be for a consumer purpose and thus subject to RESPA.