We offer loan product for storage condominiums (for people to store their boat, RV, etc). This product is for consumer purchase and is not considered a dwelling. Do you think this would be a covered loan under the new Military Lending Act rules, or would this be exempt (if it is, I cannot think of why it would be exempt at the moment). Our software is not including this as a covered loan at the moment.
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CRCM, CAMS