Skip to content
BOL Conferences
Thread Options
#1960604 - 09/09/14 09:42 PM Right of Rescission presnet repsent and their new
sb1 Offline
100 Club
Joined: Jan 2006
Posts: 135
We are doing one loan secured with the borrower's existing residence and the borrower's new residence...does the right of rescission apply since the purpose is for purchase money of their new residence, however we are using both properties?

Return to Top
Lending Compliance
#1960609 - 09/09/14 09:49 PM Re: Right of Rescission presnet repsent and their new sb1
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Yes RofR applies.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z