Disclosures-Travel Trailer as Collateral (RESPA)

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Question:

We have a customer who is purchasing a travel trailer as collateral, which will be their primary dwelling. What disclosures do we have to provide them relating to RESPA?

Answer:

None. RESPA applies to 1-4 residential real property (dirt). If no dirt is involved then RESPA does not apply.

First published on BankersOnline.com 8/22/11