Additional clarification.
From: Dan Persfull
Sent: Friday, January 20, 2012 11:41 AM
To: Evans, Randall
Subject: RE: RREAL IN: Workarounds and Clarification
Randy,
One last clarification. In an earlier reply you mentioned it did not apply to "business transactions" and only to individuals.
So just to be clear, in light of the DFI's response, would the reporting requirements apply to a loan made to a Corporation, Partnership or Limited Liability Company? I want to be sure I'm clear on this so I have our procedures modified correctly.
Thank you,
Dan
From: Evans, Randall [mailto:RanEvans@idoi.IN.gov]
Sent: Friday, January 20, 2012 11:43 AM
To: Dan Persfull
Subject: RE: RREAL IN: Workarounds and Clarification
Yes, it does apply if the transaction involves a single family residential property, located in Indiana.
Thanks,
Randall Evans
Project Manager
Title Insurance Division
Indiana Department of Insurance
317-234-5881-Phone
ranevans@idoi.in.gov
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The opinions expressed are mine and they are not to be taken as legal advice.