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#2210801 - 04/10/19 07:18 PM Required to receive TRID documents?
mdog76 Offline
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Joined: Jan 2007
Posts: 645
Father and son want to get a loan against property they both own. Uncle lives on the property and also has a lifetime estate to live on the property? Is the Uncle to receive any TRID documents? Get rescission?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2210803 - 04/10/19 07:28 PM Re: Required to receive TRID documents? mdog76
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,697
Cape Cod
If the loan is a closed end consumer loan secured or to be secured by real estate (DIRT, or TRID backwards), Reg Z (TRID) disclosures are required. Uncle will be asked to join in the mortgage deed or otherwise pledge his interest, and it's his principal dwelling, so I'd say he has a right to rescind and will get a copy of the disclosures.
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John S. Burnett
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#2210804 - 04/10/19 07:28 PM Re: Required to receive TRID documents? mdog76
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,654
The Swamp
We would require Uncle to receive CD and have ROR. He has an ownership interest until his death.
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My opinion only. Not legal advice.

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