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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule TRID 101 question
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#2240577 - 08/04/20 01:19 PM TRID 101 question
Banker57 Offline
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Joined: Jul 2010
Posts: 439
Minnesota
Building contractor requesting loan to build a single family dwelling for HIS customer. Upon completion that customer will purchase the dwelling. Is the initial loan to the builder a TRID loan?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2240578 - 08/04/20 01:23 PM Re: TRID 101 question Banker57
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,356
Galveston, TX
No - business purpose loan and likely the builder would be an entity.
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#2240579 - 08/04/20 01:26 PM Re: TRID 101 question Banker57
Banker57 Offline
Gold Star
Joined: Jul 2010
Posts: 439
Minnesota
Perfect! That is the answer I wanted.

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