HOEPA coverage for a change in terms
Posted By:
abanker
HOEPA coverage for a change in terms -
06/24/04
05:32 PM
We have an original loan NOT HOEPA applicable which has matured. We want to extend that loan out another term, do we have to test for HOEPA now?
Posted By:
Dan Persfull
Re: HOEPA coverage for a change in terms -
06/24/04
05:38 PM
Look at 226.20, if it meets the definition of a refinance yes, if it's a modification no.
Posted By:
abanker
Re: HOEPA coverage for a change in terms -
06/24/04
05:40 PM
Thank you.