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#1779868 - 01/25/13 03:59 PM Timeshares-State Statutes
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,072
We are contemplating offering loans for timeshares.

It's my understanding that these loans are governed by state statutes.

Are we supposed to comply with the state statutes based on where we are located or where the collateral is located?

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Lending Compliance
#1779941 - 01/25/13 05:29 PM Re: Timeshares-State Statutes lucyc
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,649
Galveston, TX
You will have to review both State laws to make that determination. For example, the home equity laws of Texas will apply to any home equity loan made on property in Texas regardless of the lender.
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#1780009 - 01/25/13 07:31 PM Re: Timeshares-State Statutes lucyc
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,072
OK, Thanks.

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