Dan...thanks from all of us who were confused on that point. I did notice that you had a prior posting on the subject that explains more:
Under current interpretations the acreage does not have to be contiguous. Once the CFPB delves into it that may change.
The following is an email I received in 2005 from: email@example.com; on behalf of; firstname.lastname@example.org
Does this exemption apply to a single parcel or to multiple parcels? Does the parcel single or multiple have property on it? RESPA does not specifically address "parcels of land", but applies to the property that secures the loan.
1. A purchase, or refinance of a 27 acre parcel containing a 1-4 residential dwelling. This transaction would be exempt based on 3500.5(b)(1). Yes, more than 25 acres. RESPA applies to mortgage loans. If the loan is secured by a lien on property and the property securing that loan is 25 acres or more, it is exempt.
2. A purchase, or refinance of a 15 acre parcel containing a 1-4 residential dwelling and an additional 15 acre parcel of land only (total acreage equals 30). The loan's purpose is not for an agricultural purpose or qualifies for any other exemption. Would this transaction be exempt from RESPA requirements based on 3500.5(b)(1)? Yes. If the loan is secured by a lien on property and the property securing that loan is 25 acres or more, it is exempt.
I hear and I forget. I see and I remember. I do and I understand.--Confucius