The LO wants to do a loan in the name of the business (an LTD) secured with a 2nd lien on an investment 1-4 family dwelling owned by the business yet the purpose is personal, to pay for the daughters weddings. I want to confirm RESPA applies but not Reg Z. If so, we are already out of compliance because no GFE was done within 3 days of application. (And no, I do not know why they want to structure the loan in the name of the business.)
Your insight is appreciated.