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#2006181 - 04/03/15 07:24 PM renew a bridge loan?
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
Can a bridge loan be renewed for another 12 months with the same terms as the previous loan? That would still be exempt from RESPA correct?

Thank you.

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Lending Compliance
#2006273 - 04/05/15 07:23 PM Re: renew a bridge loan? mdog76
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,368
Galveston, TX
If it does not rise to the level of a refinancing under 1026.20, then neither RESPA or TILA will apply.
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