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BankersOnline.com Forums Dodd-Frank Final Rules Discussions TRID - TILA/RESPA Integrated Disclosures Rule ATR & 24 Month Construction Loan
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#2282236 - 03/14/23 08:27 PM ATR & 24 Month Construction Loan
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 209
Out West
Is there a scenario where a construction loan >12 months could be offered and be exempt from ATR?
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TRID - TILA/RESPA Integrated Disclosures Rule
#2282238 - 03/14/23 08:43 PM Re: ATR & 24 Month Construction Loan Wonderofitall
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,532
Bloomington, IN
The regulation specifically states 12 months or less so I would have to say no.
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#2282239 - 03/14/23 08:44 PM Re: ATR & 24 Month Construction Loan Wonderofitall
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
None that I am aware.
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#2282243 - 03/14/23 08:47 PM Re: ATR & 24 Month Construction Loan Wonderofitall
Wonderofitall Offline
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Wonderofitall
Joined: Sep 2010
Posts: 209
Out West
Thank you both.
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