Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule Purchase purpose?
Thread Options
#2239012 - 07/02/20 08:56 PM Purchase purpose?
Nicole Offline
100 Club
Joined: Nov 2018
Posts: 158
I have an LE for a purchase of vacant land, however we are not using the land that the borrower is purchasing we are using their primary residence. For the product type on LE would it be "purchase" or home equity?

thank you!

Return to Top
TRID - TILA/RESPA Integrated Disclosures Rule
#2239013 - 07/02/20 08:59 PM Re: Purchase purpose? Nicole
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
Home equity assuming you're not refinancing the primary residence.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#2239016 - 07/02/20 09:07 PM Re: Purchase purpose? Nicole
Nicole Offline
100 Club
Joined: Nov 2018
Posts: 158
yes, thank you!

Return to Top