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#1537291 - 04/19/11 02:42 PM Buying Your Home Handbook - Construction Loan
ComplianceGrl15 Offline
Gold Star
Joined: Apr 2011
Posts: 257
West Virginia
If we have a construction loan where the borrower already owns their property and they are just building on it, do need to provide the buying your home handbook to them?

Thanks!

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RESPA
#1537365 - 04/19/11 03:47 PM Re: Buying Your Home Handbook - Construction Loan ComplianceGrl15
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
If the transaction is subject to RESPA, yes. They are buying the home. They are just doing so in pieces and putting it together.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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#1537456 - 04/19/11 05:09 PM Re: Buying Your Home Handbook - Construction Loan Dan Persfull
ComplianceGrl15 Offline
Gold Star
Joined: Apr 2011
Posts: 257
West Virginia
Thank you! smile

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