If a lender on a commercial transaction requires a mortgage on one of the parties’ residences, does
If a lender on a commercial transaction requires a mortgage on one of the parties’ residences, does that mortgage fall under the provisions and requirements of TRID?
As long as the “primary” purpose of the mortgage on the residential property is NOT for “personal, family or household purposes,” it does not fall under the provisions of TRID.
As long as the “primary” purpose of the mortgage on the residential property is NOT for “personal, family or household purposes,” it does not fall under the provisions of TRID.
12/18/2015