Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance Does the MDIA waiting period apply?
Thread Options
#1442497 - 09/14/10 03:09 PM Does the MDIA waiting period apply?
Stelk Offline
New Poster
Joined: Dec 2009
Posts: 21
Iowa
We are converting a closed-end home improvement loan into permanent financing. Do we have to give the customer the "7 day shopping period" again?

Return to Top
Lending Compliance
#1442529 - 09/14/10 03:31 PM Re: Does the MDIA waiting period apply? Stelk
Dan Persfull Online
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,530
Bloomington, IN
A refinancing is subject to the MDIA disclosure and waiting period requirements.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top

Moderator:  Andy_Z