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#1905276 - 03/13/14 09:24 PM Abundance of Caution
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 110
Louisiana
If we take a lien on a dwelling as Abundance of Caution, what regulations are we required to adhere to?

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Lending Compliance
#1905278 - 03/13/14 09:25 PM Re: Abundance of Caution ComplianceNewby
Skittles Online
10K Club
Skittles
Joined: Sep 2002
Posts: 13,965
TN
All regulatory requirements with the exception of the appraisal rules.
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My Opinions Only

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#1905282 - 03/13/14 09:30 PM Re: Abundance of Caution ComplianceNewby
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 110
Louisiana
Okay, Thanks.

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#1905909 - 03/17/14 03:40 PM Re: Abundance of Caution ComplianceNewby
Al Miller Offline
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Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
I disagree. If you do an appraisal, you need to follow the appraisal rules. If no appraisal, then fine.

Al
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Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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