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#1651414 - 01/17/12 02:38 PM Does Reg. Z and RESPA apply?
Bama Blondie Offline
100 Club
Joined: Sep 2010
Posts: 148
Loan to purchase a Bed and Breakfast that will be borrower's primary residence. Majority of house will be uded for B&B. My thought is as house is currently operated as a B&B and majority of property is B&B, it would be a business loan and Reg. Z and RESPA would not apply. Thoughts? Thanks!

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#1651425 - 01/17/12 02:45 PM Re: Does Reg. Z and RESPA apply? Bama Blondie
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,017
Bloomington, IN
I would agree. The primary purpose of this loan appears to be for a business purpose.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#1651428 - 01/17/12 02:47 PM Re: Does Reg. Z and RESPA apply? Bama Blondie
Bama Blondie Offline
100 Club
Joined: Sep 2010
Posts: 148
Thanks!

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