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Do mortgage loan guarantors get loan disclosures?

Answered by: 

Question: 
Should the guarantor of a mortgage loan receive a loan estimate?
Answer: 

Review 1026.2 and its OI.

Official Interpretation
2(a)(11) Consumer
1. Scope. Guarantors, endorsers, and sureties are not generally consumers for purposes of the regulation, but they may be entitled to rescind under certain circumstances and they may have certain rights if they are obligated on credit card plans.

First published on 09/29/2024

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