Here's a friendly answer (for someone): No.
Here's why: Regardless of the purpose of the loan, a loan to an LLC (single-member or multi-member) is exempt from Regulation Z coverage under section 1026.3(a)(2):
This part does not apply to the following:
(a) Business, commercial, agricultural, or organizational credit. (1) An extension of credit primarily for a business, commercial or agricultural purpose.
(2) An extension of credit to other than a natural person, including credit to government agencies or instrumentalities.
An LLC is not a natural person. Therefore, Regulation Z ("This part") doesn't apply. The TRID rules, right of rescission, and all the other parts of the regulation will therefore not apply, either.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8