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#2047334 - 10/30/15 06:53 PM Loan Est / Liability after Foreclosure
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 105
Louisiana
Has anyone else had a loan estimate print with a Liability after Foreclosure notice on page 3? I thought this was supposed to be on the Closing Disclosure?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2047338 - 10/30/15 07:05 PM Re: Loan Est / Liability after Foreclosure ComplianceNewby
DoubleNickel Offline
Junior Member
Joined: Jan 2013
Posts: 25
It is only allowed on the LE if the purpose is Refinance.

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#2047368 - 10/30/15 08:19 PM Re: Loan Est / Liability after Foreclosure ComplianceNewby
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 105
Louisiana
Thanks.

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#2047955 - 11/04/15 03:37 PM Re: Loan Est / Liability after Foreclosure DoubleNickel
lmunroe Offline
New Poster
Joined: Oct 2015
Posts: 1
Does anyone have the REG on this Liability after Forclosure.

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#2047957 - 11/04/15 03:42 PM Re: Loan Est / Liability after Foreclosure ComplianceNewby
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 46,710
Bloomington, IN
The Liability after Foreclosure is state specific.

The TRID disclosure requirements are found at .37(m)(7) and .38(p)(3).
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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