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Paying Commercial Taxes on HELOC

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In a first lien home equity loan against a dairy and primary residence where the funds are to pay commercial taxes, not for a consumer purpose, would the escrow requirements under the HPML come into play?

Review 226.3 and its Commentary. Business purpose loans are exempt from Reg. Z.

First published on 2/7/11

First published on 02/07/2011

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