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#2219930 - 08/19/19 04:48 PM Construction loans and TRID
F Offline
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Joined: Feb 2016
Posts: 19
Is it a requirement to have the deposits for a construction loan on the Loan Estimate and Closing Disclosures? Assuming the "deposit" is not paid to the title company or held in escrow, it goes directly to the builder for construction cost. It is more of an initial payment to the builder
Last edited by Jfrei; 08/19/19 04:51 PM.
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TRID - TILA/RESPA Integrated Disclosures Rule
#2219937 - 08/19/19 05:03 PM Re: Construction loans and TRID F
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
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The opinions expressed are mine and they are not to be taken as legal advice.

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