We have a 800,000 loan of which only $70,000 is consumer purpose. It is secured with a commercial building. REG Z applies, correct? even though the amount is over the REG Z exemption threshold, it is still secured by real property.

Thanks,

If $730,000 of the loan funds out of $800,000 are for business purpose, then it wouldn't be subject to Z.

Ok. Thank You. So as long as majority of the proceeds are for business purpose, it's exempt?

Yes.