If the rental home is not located on the 30 acres then you do not have a HI loan. You are not improving the ground upon which a dwelling is located therefore it does not meet the definition of a HI for HMDA purposes.
It would not be subject rescission either.
Last edited by Dan Persfull; 02/05/07 09:13 PM.
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The opinions expressed are mine and they are not to be taken as legal advice.