We are doing a loan where we are taking an agricultural property which includes a dwelling, as well as a UCC on the water rights as collateral. It is consumer purpose, so TRID does apply. My question is, do the water rights that we are taking as collateral have to be shown on the LE/CD? If so, where do we show the UCC? Does it go in the security interest section?
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All opinions are my own, not my employer's