Skip to content
BOL Conferences
Thread Options
#2137799 - 07/12/17 08:16 PM Multiple Sellers
Tryin2Comply Offline
Member
Joined: Aug 2014
Posts: 76
We have a loan with 7 sellers. Do we have to list the name and address for all 7 sellers on the LE?

Return to Top
TRID - TILA/RESPA Integrated Disclosures Rule
#2137801 - 07/12/17 08:18 PM Re: Multiple Sellers Tryin2Comply
Tryin2Comply Offline
Member
Joined: Aug 2014
Posts: 76
I meant on the Closing Disclosure**

Return to Top
#2137826 - 07/12/17 10:16 PM Re: Multiple Sellers Tryin2Comply
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,388
Galveston, TX
38(a)(4) Transaction information.

1. Multiple borrowers and sellers. The name and address of each consumer and seller in the transaction must be provided under the heading “Transaction Information.” If the form does not provide enough space to include the required information for each consumer and seller, an additional page may be used and appended to the end of the form provided that the creditor complies with the requirements of § 1026.38(t)(3). For additional guidance on disclosing multiple borrowers, see comment 37(a)(5)-1.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2137952 - 07/13/17 05:02 PM Re: Multiple Sellers Tryin2Comply
Tryin2Comply Offline
Member
Joined: Aug 2014
Posts: 76
Thanks so much for your help! I thought so but couldn't put my hand on it.

Return to Top