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#1771596 - 01/02/13 05:54 PM Renewal of Primary Residence
mdog76 Offline
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Joined: Jan 2007
Posts: 645
We are in the process of renewing a primary residence loan. Am I correct in that if there in no new money and no change in terms that RESPA and HPML is not needed? We would run them again if terms change, correct?

Thank you.

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#1771600 - 01/02/13 06:05 PM Re: Renewal of Primary Residence mdog76
raitchjay Online
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Joined: Oct 2009
Posts: 8,838
OK
It depends on whether your "renewal" is being accomplished through a refinancing or through a deferral/extension. If a simple deferral or extension, then RESPA and HPML don't apply.
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#1771629 - 01/02/13 07:11 PM Re: Renewal of Primary Residence raitchjay
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,333
Originally Posted By: raitchjay
It depends on whether your "renewal" is being accomplished through a refinancing or through a deferral/extension. If a simple deferral or extension, then RESPA and HPML don't apply.
for now. eek
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