Our construction loans are almost always subject to RESPA because we take out the perm and/or the loan funds directly purchase the lot.

Do we have to provide a Settlement Costs Booklet? The only exemptions I find is for refinances, subordinate liens or any other federally related mortgage loan that is not for the purpose of purchasing a 1-4 family dwelling.

I do. It's the same 'big deal' as a purchase is...and soon, you will give it on EVERYTHING anyway.

....Still getting push back about providing the booklet. The vendor says it's required, though. I looked at the BCC real estate loan matrix and IT insinuates that it's required.....says "purchases only." Well what is a construction loan if not a purchase???

What are some of the rest of you doing?

Hi Swiggles - we do provide it.