Scenario = bridge loan (90 day term) 2nd lien on investment 1-4 family property. Proceeds are to make down payment on the purchase of the borrower's daughter's primary residence. Bridge loan to be paid with borrower's income. We are also making the purchase loan to the borrower and the daughter. The father will not be on the deed. Does TRID apply to the bridge loan?
Thanks for all of your help!