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#2253678 - 05/07/21 09:16 PM Regulation Z apply?
Dodge Offline
Gold Star
Joined: Mar 2010
Posts: 268
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 Offline
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rlcarey
Joined: Jul 2001
Posts: 83,364
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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