Answer:
Yes, 226.35 applies to consumer loans secured by the consumer's primary dwelling. The definition of a dwelling can be found in 226.2.
First published on BankersOnline.com 8/30/10
Higher-Priced Mortgage Loan Regulations
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Question:
Is a loan for the purchase, refinance, or debt consolidation of a manufactured house on a rented lot, subject to the higher-priced mortgage loan regulations?
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