Periodically with construction of a new primary residence, cost overruns occur resulting in the necessity of creating an additional new promissory note secured by a subordinate deed of trust/mortgage. Typically, the new obligation carries a fixed rate of interest and multiple advances are anticipated. Other than the requirement of obtaining a new flood determination to support the second loan along with providing the borrower with an estimated TIL disclosure, are there any other federal disclosures or requirements that I am not aware of that I need to contend with?