37(m)(7) Liability after foreclosure.
1. When statement is not permitted to be disclosed. The disclosure described by § 1026.37(m)(7) is required under the condition specified by § 1026.37(m)(7), specifically, if the purpose of the credit transaction is a refinance under § 1026.37(a)(9)(ii). Under any other conditions, this statement is not permitted to appear in the Loan Estimate.
It only appears on refinance transactions. Many States will only protect a borrower on a purchase transaction, but those protections disappear if you refinance the property. However, the protections do not seem to disappear in Florida on primary residences - but it is warning the consumer to check.
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