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#2266314 - 02/14/22 07:01 PM Construction loans
AmyH Offline
Member
Joined: Jun 2007
Posts: 87
For MLO compensation covered loans, I don't see any exclusion in 1026.36 for construction loans. Since these are closed-end consumer credit transactions secured by a dwelling, would you agree that these are covered loans and therefore come under the MLO Comp rules?

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Loan Originator Compensation Rule
#2266325 - 02/14/22 08:38 PM Re: Construction loans AmyH
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
I would agree.
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