Just ask yourself if there was a dwelling on the appraised property. Whether there is any value in the dwelling or not, it's a dwelling and it is part of the security for the loan. Better to spend the dollar or two needed to provide the notice and copy than to spend time arguing with an auditor or examiner.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8