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#2245752 - 11/20/20 07:26 PM Notice of Appeal
crazycat3 Offline
New Poster
Joined: Oct 2018
Posts: 11
We are doing a loan denial on an investment property (non owner occupied) due to collateral. Is a Notice of Appeal required along with the Adverse Action Notice? Thanks

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#2245758 - 11/20/20 08:06 PM Re: Notice of Appeal crazycat3
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,361
Galveston, TX
For the purpose of reviews conducted by the Mortgage Review Boards, “residential mortgage loan denial” is
defined as the denial of an extension of credit to finance or refinance the purchase of a first lien on residential property
located in the Commonwealth of four units or less and occupied in whole or in part by the mortgagor.

https://www.mass.gov/files/documents/2017/12/13/Mortgage%20Review%20Boards.pdf
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2245759 - 11/20/20 08:46 PM Re: Notice of Appeal crazycat3
crazycat3 Offline
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Joined: Oct 2018
Posts: 11
Thank you!!

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