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RESPA Documents Required for Loan Modification?

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Question: 
Is the lender required to send RESPA documents when offering a Modification Loan? The modification has a proposed rate at 4.75%, which is higher than the current rate of 3.75%.
Answer: 

Since this would fit the Reg Z definition of a refinance (1026.20) with the increased rate, I would include all Reg Z and RESPA disclosures. The intent is to inform the consumer of the loan terms, which are less favorable in this case.

First published on BankersOnline.com 7/8/13

First published on 07/08/2013

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