Determining the loan purpose: The new challenges [Part 1]

Published: 4/10/2017
Determining the loan purpose: The new challenges [Part 1]
Source: WWW.CUINSIGHT.COM

One of the common threads running across the new Uniform Residential Loan Application (“URLA”), the disclosure requirements of Regulations X and Z (“TRID”), and the reporting requirements of Regulation C (“HMDA”) is the requirement that the lender identifies the loan purpose.[1]  It is possible for the loan purpose to be the same for the new […] The post Determining the loan purpose: The new

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