The problem that I am having with this (real or imagined) is that this determination was not done for our loan, but for the USDA's. If effect, we never did a determination for this loan. Also this particular determination has life of loan monitoring, of which we would not be a party to updates. Where can I find a reference about the seven year rule? It's stuck in my head that, even if the determination is less than seven years old, it still has to be in the name of the originating lender. Does anyone know of an exception for participation loans?
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Opinions expressed here are mine, not necessarily my employers. This is not legal advice.