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#2047817 - 11/03/15 07:46 PM Overnight Cabins: 1-4 Family?
mdog76 Offline
Platinum Poster
Joined: Jan 2007
Posts: 645
For purposes of the ECOA appraisal notice and appraisal acknowledgments, how does everyone consider an overnight rental cabin? Commercial or 1-4 family?

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Lending Compliance
#2047821 - 11/03/15 07:53 PM Re: Overnight Cabins: 1-4 Family? mdog76
fmissle Offline
Platinum Poster
Joined: Jul 2007
Posts: 995
Pac NW
Commercial and 1-4 Family dwellings are not mutually exclusive.

You can have a commercial customer finance a 1-4 and the Appraisal requirements will apply.

I would provide it.

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#2047823 - 11/03/15 07:53 PM Re: Overnight Cabins: 1-4 Family? mdog76
fmissle Offline
Platinum Poster
Joined: Jul 2007
Posts: 995
Pac NW
I should have said commercial purpose (not just a commercial customer).

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