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Modifying a Construction Loan

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We have an existing construction loan that we would like to increase. Will this have to follow TRID rules or can we do a modification to increase the loan amount, charge a 1% loan fee on the new proceeds, add filing fees, title fees and any other fees that may be associated with the modification?

You need to review 1026.20(a).

First published on 12/18/2022

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