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BankersOnline.com Forums Dodd-Frank Final Rules Discussions Loan Originator Compensation Rule Is 'custom const.' a covered trans. for LO compens
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#1840972 - 08/09/13 12:05 AM Is 'custom const.' a covered trans. for LO compens
Chocaholic Offline
Gold Star
Joined: Aug 2005
Posts: 443
Northwest
I am so confused... if we are financing the construction phase only.. if is subject to Reg. Z , the home will be their primary residence, it is not open ended credit so.. lender compensation rules apply? Is this correct.

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Loan Originator Compensation Rule
#1841041 - 08/09/13 01:55 PM Re: Is 'custom const.' a covered trans. for LO compens Chocaholic
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
I don't see any exclusion for that.
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