Skip to content

Mobile Home & the New Disclosures

Answered by: 

Question: 
I was told in the Reg Z, that mobile homes in communities (mobile home parks) were not included in the new disclosure practice of GFE in three days and then loan after seven days. Is this true?
Answer: 

The loan has to be subject to RESPA for the 226.19(a) disclosures to be applicable. Mobile home only loans are not subject to RESPA. Mobile home loans with land are.

First published on BankersOnline.com 10/19/09

First published on 10/19/2009

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics