Posted By: Compliance Poster
Mobile Homes & RESPA - FDIC Exam Manual? - 10/11/15 11:26 PM
On page V 3.4 of the FDIC's examination manual on RESPA, below, a graph is added to depict what RESPA-related loans are covered by the TRID disclosures. In the second column where it indicates what loans to continue using existing TIL and RESPA disclosures, it states "Chattel-secured mortgages (i.e., mortgages secured by a mobile home or by a dwelling that is not attached to real property, such as land) (subject to existing TIL disclosures, and not RESPA)." I thought that RESPA simply does not cover mobile homes not attached to land and wonder why it would be in the column at all. Would you please clear this up for me?
FDIC Examination Manual - RESPA
FDIC Examination Manual - RESPA