We have a business purpose loan to an individual to purchase an apartment building, We will secure the loan with the apartment building they are buying and another second commercial apartment building they already own and a third being their principal residence. Am I interpreting 1026.23 correctly. This credit extension would not require the right of rescission on the customer's principal dwelling. I apologize for the question, I get so confused when the loans are not consumer. Appreciate the help.

A business purpose loan (outside of some limited card card rules) is totally exempt from all Regulation Z requirements.

Thank you very much