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#2253678 - 05/07/21 09:16 PM Regulation Z apply?
Dodge Offline
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Joined: Mar 2010
Posts: 238
Customer has applied for loan to build his primary residence. However, the loan will be in his name but also his business name. Does that exempt the transaction from Regulation Z since one of the borrowers is not a natural person?

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Lending Compliance
#2253688 - 05/08/21 01:47 PM Re: Regulation Z apply? Dodge
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,293
Galveston, TX
Not sure why a bank would allow someone to structure a loan like this, but I would not exempt the loan and I would disclose to the consumer. I hope the customer's legal counsel and accountant is on board.
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