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#2014336 - 05/15/15 03:10 PM Servicing Disclosure Statement
gunches Offline
100 Club
Joined: Dec 2005
Posts: 210
Is a Servicing Disclosure Statement required for a HELOC loan that is a 1st real estate mortgage?

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Lending Compliance
#2014411 - 05/15/15 05:29 PM Re: Servicing Disclosure Statement gunches
Adam F Offline
Gold Star
Adam F
Joined: Apr 2013
Posts: 420
VA
1024.31 Definitions

For purposes of this subpart:

Mortgage loan means any federally related mortgage loan, as that term is defined in § 1024.2 subject to the exemptions in § 1024.5(b), but does not include open-end lines of credit (home equity plans).
Last edited by NSFW; 05/15/15 05:33 PM.
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The answers I give are my opinions. Not legal advice.

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