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Business Loan Partially Secured by Residence -ROR?

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Question: 
Does a person have to sign the notice of right to receive copy of appraisal if he or she is signing the security deed pledging interest in the real estate, but is not a borrower or co-borrower?
Answer: 

No, see 226.3 and it's Commentary for loans exempt from the provisions of Reg Z.

First published on BankersOnline.com 4/13/09

First published on 04/13/2009

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