Answer:
by Jim Bedsole:
Assuming it's not secured in any way by the real estate, then TRID rules would not apply. However, because it is a vacation home, not a rental home, it would still be consumer purpose. So the standard TIL disclosure would be required.
Answer:
by Randy Carey:
Minor clarification: The standard TIL disclosure would be required if the loan amount was not over the current 2015 and 2016 Regulation Z threshold of $54,600
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