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ROR & Mobile Home Loans

Answered by: 

Question: 
Does the Right of Rescission apply to a mobile home loan?
Answer: 

Yes, if the mobile home is the borrower's principal dwelling. [Assuming the loan application is of a type covered by Reg Z and it is not exempt from right of rescission as a residential mortgage transaction.]

First published on BankersOnline.com 8/4/03

First published on 08/04/2003

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