1026.35 has separate exemptions for each part of the rule.
1026.35(b)(2)(C) exempts bridge loans from the escrow rules:
(C) A temporary or "bridge" loan with a loan term of twelve months or less, such as a loan to purchase a new dwelling where the consumer plans to sell a current dwelling within twelve months; or
1026.35(c)(2)(v) exempts bridge loans from the appraisal rules:
(v) A loan with maturity of 12 months or less, if the purpose of the loan is a “bridge” loan connected with the acquisition of a dwelling intended to become the consumer's principal dwelling.
Adam Witmer, CRCM
All statements are my opinion, not those of my employer, and should not be taken as legal advice.www.compliancecohort.com